Reminder: W-2s and 1099s for Independent Contractors Due January 31

The IRS deadline remains for businesses to furnish employees and independent contractors with forms reporting payments in 2019 by January 31, 2020. This is also the date that W-2s must be transmitted to the Social Security Administration, and the date that 1099-MISC with a box 7 entry (for nonemployee payments to independent contractors) must be transmitted to the IRS. No automatic extension is possible. A 30-day extension may be granted, but only for limited reasons.