ROCK HILL, SC / ACCESSWIRE / January 30, 2023 / January 31st is a major deadline for businesses to file their year-end reporting with the IRS, SSA, and potentially their state. There are a number of forms that are due to the IRS and SSA tomorrow, including W-2 wage statements, 1099-NEC for non-employee compensation, 94x payroll tax forms, and more. Employers are also required by law to furnish employees and recipients with copies of the information returns.
With TaxBandits, business owners, tax professionals, and payroll providers are able to e-file the following forms with the required federal and state agencies and distribute recipient copies easily and securely.
Form 1099-NEC
This must be filed with the IRS by payers who have made payments of $600 or more to independent contractors or freelance workers. A copy of this 1099-NEC Form must also be distributed to the recipients. There are also many states that require the filing of this form to maintain tax compliance, TaxBandits supports federal and state filing requirements, as well as solutions for recipient copies.
It is important to note that in addition to Form 1099-NEC, there is an entire series of 1099 forms that the IRS requires businesses to report. While they are not all due to the IRS on January 31st, the deadline to distribute a recipient copy of these forms is generally January 31st.
Form W-2
This form must be filed with the SSA to report the wages paid by an employer to their employee during the tax year. This includes reporting income taxes, social security taxes, and Medicare taxes withheld from their wages. Copies of W2 Forms must be provided to all employees.
TaxBandits also supports Form W-2 PR, this form is required to be filed by employers that are located in Puerto Rico.
Form 940
This must be filed with the IRS annually to report Federal Unemployment Taxes. This Form is also referred to as the FUTA tax form.
TaxBandits also supports Form 940-PR, which is used by employers located in Puerto Rico.
TaxBandits supports Form 940 Schedule R, which is required for aggregate filers.
Form 941
This must be filed with the IRS on a quarterly basis, the deadline to file for the fourth quarter of 2022 is January 31, 2023. Employers should file Form 941 to report all employment taxes, including Social Security and Medicare taxes.
TaxBandits also supports Form 941-PR, used by employers in Puerto Rico, and 941-SS, used by employers in American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, and the U.S. Virgin Islands.
TaxBandits supports Form 941 Schedule R, which is required for aggregate filers.
File Quickly and Accurately with TaxBandits
TaxBandits simplifies the filing process to help their clients meet their deadlines with accuracy and efficiency. Regardless of the size and scope of a business, there is a filing solution available from TaxBandits to meet their needs, this includes:
- Federal and state e-filing
- Postal Mailing services for recipient copies (USPS Validations included)
- Secure Tax Form Access for recipients to view copies
- Bulk upload templates for high-volume filing
- Built-in form audits using the IRS Business Rules
- Volume-based pricing for tax professionals
When asked about today's deadline, Agie Sundaram, the CEO, and Co-founder of SPAN Enterprises, the parent company of TaxBandits, responded by stating, "Our team is helping our clients finish the month strong and meet all of their deadlines on January 31st. In addition to providing the most advanced features available and integrations with popular accounting software like Sage Intacct, we are also offering extended customer support hours."
Visit https://www.taxbandits.com/ to file Form 1099, W-2, 940 & 941 for the 2022 tax year.
About TaxBandits
The 1099 and W-2 experts! TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider of 1099 Form, Form W2, Form 940, Form 941, 1095-B, 1095-C, and W-9, serving businesses, service providers, and tax professionals of every shape and size.
About SPAN Enterprises
Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.
The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
For any media inquiries, please contact Stephanie Glanville, Content Writer at stephanie@spanenterprises.com.
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SOURCE: TaxBandits
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https://www.accesswire.com/737232/Forms-1099-W-2-and-94x-Series-Are-Due-Tomorrow-E-file-Now-With-TaxBandits
