The Protecting Americans from Tax Hikes (PATH) Act, aimed at making it easier for the IRS to detect and prevent refund fraud, created new filing deadlines for employers.
Form W-2 and certain Forms 1099-MISC reporting non-employee compensation must be submitted to Social Security Administration or the Internal Revenue Service by January 31, 2017.
The new deadline will allow the IRS to verify the information reported and issue refunds to eligible taxpayers. The January 31 deadline has long applied to furnishing copies of these forms to employees and recipients. Effective for 2016 reporting year, it will also be the due date for Social Security Administration and IRS submission.
Please contact our office if you need to complete form W-2 or 1099-Misc for 2016, and we can assist you in meeting the new filing deadline.