Important Tax Filing Deadline

Today is the deadline for furnishing employees with their W-2s and independent contractors with their 1099-NECs to report 2022 payments. It’s also the date for transmitting copies of W-2s to the Social Security Administration (SSA) and copies of 1099-NECs showing nonemployee compensation to the IRS. If you want to self-file with the IRS instead of using a tax pro, there’s the IRS’s new Information Return Intake System (IRIS), which lets you file small or large volumes of 1099s without software. To file with SSA, use Business Services Online. But registration is not immediate; SSA sends you an activation code by mail. #IdeaoftheDay