Today is the deadline for furnishing employees with their W-2s and independent contractors with their 1099-MISCs to report 2019 payments. It’s also the date for transmitting copies of W-2s with the Social Security Administration and copies of 1099-MISCs showing nonemployee compensation with the IRS. Note that the deadline for furnishing employees with Form 1095-B or 1095-C, which was supposed to be today, has been postponed to March 2, 2020.
Small Business Taxes 2020 is a best-seller on Amazon — I’m grateful for your support!
Remember, the Guide to Self-Employment (2nd edition) and 1001 Deductions & Tax Breaks 2020 are available on Amazon, also.