New filing deadlines for tax forms W-2 and 1099
Starting with 2016 forms filed in 2017, employers must submit tax forms W-2 and 1099 by January 31 of the following year. The new deadline applies whether the forms are filed on paper or electronically.
W-2 forms must be submitted to the Social Security Administration (SSA) by January 31. The SSA has said it will no longer offer an automatic 30-day extension of the deadline. Anyone seeking an extension must submit form 8809 by January 31 with a detailed explanation of why the taxpayer needs an extension.
Form 1099-MISC showing an amount in Box 7 for non-employee compensation must be submitted to the Internal Revenue Service by January 31. The deadline for submitting other types of 1099-MISC form has not changed.
As always, members should speak with their tax consultant about their individual situations.
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