deadlines

This year, the IRS has granted an extended deadline: recipient copies can be distributed electronically up to March 2nd. The typical deadline for receiving tax forms is typically January 31st, but that doesn’t mean you should sit back and relax. Understanding the new deadlines and how you should submit those forms can reduce the chances for penalties, delays in submission, and prevent you and your business from experiencing an expensive and time-consuming world of hurt. ALEs and e-filing If you are an ALE (applicable large employer) or employ 20 employees or more, you must file electronically. However, e-filing will not only help to open up time for other important endeavors and ease your mind about the potential for penalties, but will also ease the hectic environment of tax season. You won't have to worry about paper, either. 1099 form deadlines: 1099 MISC Recipient copy: January 31st, 2020 IRS Paper Filing and eFiling (Box 7): January 31st, 2020 IRS Paper Filing (Non-Box 7): February 28th, 2020 IRS eFiling (Non-Box 7): March 31st, 2020 Other 1099 form deadlines: Recipient copy: February 15th, 2020 1099‑B 1099‑S Recipient copy: January 31st, 2020 1099-DIV 1099‑INT 1099‑R IRS Paper Filing: February 28th, 2020 1099‑B 1099-DIV 1099‑INT 1099‑S 1099‑R IRS eFile: March 31st, 2020 1099‑B 1099-DIV 1099‑INT 1099‑S 1099‑R 1098 form deadlines Recipient copy: January 31st, 2020 1098 1098-T IRS Paper Filing: February 28th, 2020 1098 1098-T IRS eFile: March 31st, 2020 1098 1098‑T ACA form deadlines Recipient copy: March 2nd 1095-B 1095-C IRS Paper Filing: February 28th 1095/1094-B 1095/1094-C IRS eFile: March 31st 1095/1094-B 1095/1094-C Paper filers need to remember different dates Paper forms are acceptable for businesses that employ between 50 and 249 individuals. Still, the IRS strongly recommends electronic …

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Do you need to choose an e-file provider for your Information Return forms? We break the process down into 7 simple steps. There are many e-file providers out there. Some are local while others are online. Some involve downloading software while others are completely online. How do you choose one? Go through these 7 steps and you’ll narrow down the vast options quickly. Find what forms they support. Learn how their service works and what it includes. Discover when their deadlines are. Figure out when they provide customer service. Determine if they offer e-delivery and TIN Checking. Compare costs. Test them. Step 1: Find what forms they support. Your business operates in a specific fashion with a unique number of employees and contractors or vendors. How your business operates will determine what forms you need to submit come tax time. When choosing an e-file provider, it’s important to check that they work with all the forms you need. This helps you organize your forms as you work on them, access them later on, and reuse data next year. Trying to use multiple e-file providers for a similar service can be time-consuming and frustrating. That’s why eFile360 supports a variety of forms to meet your needs, including 1099, 1098, W-2, and ACA forms. Visit this page to see all forms supported. Step 2: Learn how their service works and what it includes. Each e-file provider works a little differently, so it’s important to compare their services. Find out if their service requires that you download software, visit a specific location in-person, or go to a specific website. Which option appeals to you more? Once you determine where you need to go, learn what their service includes. Do you need E-file + Print & Mail, E-file Only, or Print & Mail Only? If you don’t do any filing of Information Return forms in your office, you will likely need the E-file + Print & Mail option, which most e-file providers offer. But what …

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