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Common Tax Forms Explained: W2, 1099MISC, and W9

Tax Form Essentials: W2, 1099MISC, W9 Explained

Filing Form W-2

The due date for filing 2018 Forms W-2 is January 31, 2019 whether you file electronically or using paper forms. You may request one 30-day extension to file Form W-2 by submitting a complete application on Form 8809, Application for Extension of Time To File Information Returns, including a detailed explanation of why you need additional time and signed under penalties of perjury. Note that the IRS will only grant the extension in extraordinary circumstances or catastrophe.

TIP: Get it done faster… E-File your Forms W-2 with the Social Security Administration (SSA).

What is Form 1099MISC?

Reporting payments to contract workers on Form 1099-MISC (box 7, non-employee compensation) must be provided to your contractors by January 31, 2019. When it comes to filing with the IRS, there are two deadlines. If filing by paper submit your 1099s by February 28, 2019. Electronically filed 1099s can be submitted by March 31, 2019 Be sure to report each payment in the proper box because the IRS uses this information to determine whether the recipient has properly reported the payment

NOTE: There is a penalty for late filing

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“Super helpful and timely. This is our first year with them and we look forward to trusting them with our taxes and business books for years to come.”

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“Molen & Associates is amazing! They run an incredibly streamlined process, which makes filing taxes a breeze. So impressed with their attention to detail, organization, and swift execution every year. Cannot recommend them enough!”

Sy Sahrai

“I’ve been with Mr. Molen’s company for few years and I felt treated like family respect and dignity. They are caring, professional and honest, which hard to find these days. Love working with them.”

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