The deadline for businesses to file information returns for hired workers is almost here. By Jan. 31, 2023, employers must file Forms W-2 that show the wages paid and taxes withheld for 2022 for each employee. They must be provided to employees and filed with the Social Security Administration (SSA). Employers must also file Form W-3 to transmit Copy A of W-2 forms to the SSA. The Jan. 31 deadline also applies to Form 1099-NEC. These forms are provided to recipients and filed with the IRS to report non-employee compensation to independent contractors. Complete Form 1099-NEC to report any payment of $600 or more to a recipient. Questions or need help? Contact us.
The deadline for businesses to file information returns for hired workers is almost here. By Jan. 31, 2023, employers must file Forms W-2 that show the wages paid and taxes withheld for 2022 for each employee. They must be provided to employees and filed with the Social Security Administration (SSA). Employers must also file Form W-3 to transmit Copy A of W-2 forms to the SSA. The Jan. 31 deadline also applies to Form 1099-NEC. These forms are provided to recipients and filed with the IRS to report non-employee compensation to independent contractors. Complete Form 1099-NEC to report any payment of $600 or more to a recipient. Questions or need help? Contact us.