October 15, 2015, filing extended 2014 federal and state income returns.
If you fail to furnish the statements in a timely manner, or if your errors or omissions are "consequential the IRS may impose a penalty on you.
Penalties for Small Businesses Penalties are smaller for " small businesses " (those with 5 million or less in average annual gross receipts for the three most recent tax years).
W-2 forms and 1099-misc forms, to employees and non-employees.
Penalties may also be imposed for statements that are incomplete or inaccurate.The IRS imposes penalties for failure to furnish.This deadline is still January 31, 2018.14, the IRS will contact the employer for the employee, request the missing form, and send the employee.Like every year, taxes are due by April 15th.Payroll tax filing dates for, w-2s and 1099 forms were changed for 2016 taxes, and these changes continue for reporting 2017 taxes.The quickest and most accurate way to file your tax return and receive your refund is to e-file.The table below shows the 2015 deadlines for filing 2014 individual income tax returns, as well as deadlines for tax extensions.Other Filing Information The amount of penalty is based on when you file.Knowing what obstacles and deadlines lie in the months ahead allows enough a walk to remember isohunt time for tackling even the most complicated filings.
According to the experts at Greatland Corporation, a company that provides W- forms and e-filing services to small businesses, employers who unintentionally misclassify workers also run the risk of significant penalties and interest, so being overly cautious never hurts.
Intentional disregard of filing requirements, failure to furnish W-2s to employees.
The lowest amount is 15 for returns correctly filed within 30 days of the due date.Here is the list of individuals who must receive Form 1099-misc.W-2 statements must be complete and accurate.February 2, 2015 is the date to remember when preparing your business tax reporting forms this season, but dont forget, even with the additional days, getting a head start on cutoff dates can save you and your company consequences, time and unneeded hassle.April 15, 2015, deadline for filing state income tax returns (for most states) and extension requests.The extension application is not guaranteed, and you must provide a detailed explanation for the extension request.Even with the extended reporting date for businesses, the IRS requests that employees wait until at least Feb.