Since the time businesses began having to report employee and contractor wages to the IRS and SSA, filing has been a bit of a hassle. Let us paint you a picture here. In the beginning, business owners would have to order W-2/1099 forms and software from a catalog (using a fax machine. Oh the horror).
While some businesses start out with a single person behind them, most people eventually wind up hiring a few employees. Of course, if you're going to bring on employees, you'll need to make sure you compensate them appropriately. If you don't know what you should pay your employees, keep on reading. You'll be able
Avoid the real March Madness and file your 1099-MISC to the IRS before or on March 31, 2015 to avoid late fees and penalties. If you fail to file a correct 1099-MISC return by the due date and you cannot show reasonable cause, you may be subject to a penalty. The penalty applies if you
The deadline for filing your W-2 and 1099-MISC forms is coming up quickly, and we’re here to help you meet your deadlines. Let’s take a quick look at what those due dates are and talk a bit about how you can be sure to hit them with time to spare. January 31st or February 2nd?
Form 1099-MISC Due Dates Form 1099-MISC is due each year to the recipient by January 31 and to the IRS by the last day of February. However, if filing your 1099-MISC electronically the date is extended to March 31st. Each state also varies with its deadlines and requirements. For example, North Carolina 1099-MISC reflecting NC