Friday, January 3, 2020

Upcoming Deadlines in 2020


Don’t subject yourself to tax penalties for missing important filing deadlines in 2020. Get out your 2020 calendar and mark any of the following tax deadlines that apply to you or your business.
  January 31 – Employers must furnish 2019 W-2 statements to employees. Payers must furnish 1099 information statements to payees.
  January 31 – Employers must send W-2 copies to the Social Security Administration.
  January 31 – Payers must file Forms 1096 and 1099-MISC with reported non-employee compensation in Box 7 with the IRS. 
  January 31 – Employers must generally file 2019 federal unemployment tax returns and pay any tax due.
  January 31 – Form WH-3 (paper and electronic) is due to the Indiana Department of Revenue.
  February 28 – Payers must file Forms 1095-B and 1095-C with the IRS. (April 1 is the deadline if filing electronically.)
  February 28 – Payers must file Forms 1096 and 1099-MISC (other than with non-employee compensation in Box 7) with the IRS.  (March 31 is the deadline if filing electronically.)
  March 4 – Employers must furnish 2019 Forms 1095-C to full time employees.
  March 4 – Insurers must furnish 2019 Forms 1095-B to the person identified as the “responsible individual” on the form.
  March 16 - Calendar-year S corporation income tax returns are due.
  March 16 – Calendar-year partnership income tax returns are due.
Call us at (219) 769-3616 with your questions, or email them to dvanprooyen@swartz-retson.com.