January 31st, 2017
When it comes to filing taxes – especially business taxes - it is crucial that you are aware of and meet important deadlines. And it just so happens that today is an important deadline! IRS changed filing requirements for 1099 forms starting 2017.
1099 forms are due today to your contractors and to IRS
If you made payments for services in 2016, now is the time to send your Form 1099. These payments can include independent contractor pay, interest on seller financed mortgages, rent, professional service fees, real estate transactions, profit-sharing and pension plan distributions.
All Payroll Tax Reports and payments are due today. Now is the time to issue W-2 forms to all employees and file Form 941 and 940/944 for 2016, and unemployment. Don’t forget your state forms!
If this email is sending you into a panic – don’t worry! We have your back! If you’d like help putting together your 1099s in a hurry, reach out to our office ASAP so we can get this crucial step taken care of.
Need assistance with any of these forms or processes? Hit ‘reply’ to this email and our office will help you right away.
Get it done right the first time to save yourself headache in the future.
If you want to set up an appointment, call our office at (800) 913-0809, send sms message to 224-676-3577.
M-F 9 am – 6 pm,
Sa-Su and after hours by appointment only
Ilona Dovidaitiene, EA
Enrolled to practice before the IRS