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Barbara Weltman

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Important Tax Filing Deadline

February 1, 2021 / By Barbara Weltman

Today is the deadline for furnishing employees with their W-2s and independent contractors with their 1099-NECs to report 2020 payments. It’s also the date for transmitting copies of W-2s to the Social Security Administration and copies of 1099-NECs showing nonemployee compensation to 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, 2021. #IdeaoftheDay

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Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

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