Arizona Tribune - Today is the IRS Deadline to File Forms 1099, W-2, 940, and 941 – E-file Now with Tax1099

FAYETTEVILLE, AR AND DALLAS, TX / ACCESS Newswire / January 31, 2025 / With just 24 hours remaining until the January 31, 2025 , deadline, businesses across the U.S. must act quickly to e-file and distribute recipient copies of Forms 1099 and W-2 to employees and independent contractors for 2024 tax year.

Tax1099 , a trusted IRS-authorized e-file provider with over a decade of experience, offers a comprehensive user-centric solution designed to streamline the tax reporting process for tax professionals and businesses.

Key Points for Businesses to Remember:

• IRS & SSA Filing Deadline: Employers must file Forms 1099-NEC , W-2, and 94X electronically by January 31, 2025.

• Recipient Copy Distribution: Employees and independent contractors must receive their respective forms by the same deadline.

• Late Filing Penalties: Failure to file on time may result in IRS penalties ranging from $60 to $630 per form, depending on the delay duration and company size.

Requesting extensions -

Form 8809 grants businesses and individuals a 30-day extension for filing specific federal forms. If you need an extension of time for any of these forms- W-2, W-2G, 1042-S, ACA,1097, 1098 & 1099 Series forms, form 8809 should be filled within their original filing due dates. An extension cannot be granted if a request is filed after the filing due date of the information returns.
However, note that this extension is only for filing the forms and does not extend the time for furnishing recipient copies.

Employers and tax professionals are urged to review their filings and complete any pending submissions before the deadline. Tax1099 is designed to facilitate compliance with IRS regulations by offering a user-friendly process for filing. Additionally, the platform also offers multiple options to simplify the recipient copy distribution process.

Options for Recipient Copy Distribution:

• IRS-compliant Electronic Delivery: Send recipient copies via a secure online portal where recipients can conveniently view, download, and access their forms anytime.

• Mailing Paper Copies: Print and mail forms to employees and contractors to meet compliance. This approach is ideal for recipients who prefer physical documents over soft copies.
  Based on multiple clients' feedback and understanding of the last-minute filing challenges, Tax1099 extended their USPS mailing deadline to January 31. The " USPS Rush Hour " offers convenient and flexible recipient copy distribution in the final days.

Filing electronically is the fastest, most convenient way to submit forms accurately. Leading platforms like Tax1099 can be the perfect solution for businesses looking to process their last-minute filings. The platform allows businesses of any size to submit their IRS forms through a simple, secure, and efficient platform.

• Tax1099 provides clear instructions and prompts at each step, ensuring you know exactly what information is needed.

• For businesses with multiple forms, Tax1099 offers bulk upload features to save time.

• The platform integrates with popular accounting software, making it easy to import data directly.

• The data is protected with 256-bit bank-grade security standards, TIN masking, and two-factor authentication.

• Extend invitations to your team for collaborative work within the Tax1099 account. Add users, assign authority, and create profiles with specific tasks, enabling seamless workflow management.

Tax1099 is an efficient e-filing solution where businesses can file their 1099 and W-2 forms in just a few clicks, ensuring they meet the IRS and SSA requirements on time.

So, don't wait until the last minute-file today before midnight and avoid those hefty penalties!

About Zenwork Tax1099 : Tax1099, an IRS-authorized digital tax compliance service, simplifies tax filing for over 750,000 businesses nationwide. Offering 40+ federal and state-compliant electronic returns, 12+ data management integrations, API integration, secure document management, Bulk filing, TIN Matching, and 24/7 customer support, Tax1099 is a leading tax filing solution provider. 

About Zenwork Inc : Zenwork Inc., the parent company of Tax1099 and backed by Spectrum Equity, is a key player in digital tax compliance and regulatory reporting technology. With a decade of experience, Zenwork Inc. has assisted over 750,000 businesses and 70,000 CPA firms in simplifying compliance. Learn more about Zenwork and its products at www.zenwork.com , www.tax1099.com , and www.compliancely.com . 

Contact :

Ed Pratt
Zenwork Inc.
[email protected]

SOURCE: ZENWORK INC

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