This week we will be looking at some information related to W-2 reporting for employers. The Social Security Administration (SSA) has announced that it is sending notices to businesses and employers who submit Forms W-2 (Wage and Tax Statement) that contain name and Social Security number (SSN) combinations that do not match SSA records. The SSA refers to these notices as Educational Correspondence (EDCOR). The SSA says the reasons why names and SSNs may not match SSA records

This week I want to remind you of some changes to due dates for W-2 and 1099-MISC forms that were first effective for 2016 and continue for the 2017 tax year. We will also discuss the current status of Iowa W-2 reporting requirements. The Protecting Americans from Tax Hikes (PATH) Act of 2015 requires forms W-2, W-3, and 1099-MISC returns to report non-employee compensation, to be filed on or before January 31st of the year following the calendar year to which such returns r

In order to give small businesses additional time to comply with W-2/1099 filing requirements, the Iowa Department of Revenue (IDR) proposed the following changes to tax year 2017 filing requirements: Businesses with fewer than 50 W-2s will not be required to file W-2s for tax year 2017. No entities will be required to file 1099s for tax year 2017. These are the same requirements in place for tax year 2016. The proposed change delays the filing requirement for businesses wit

This week I want to remind you of some changes to due dates for W-2 and 1099-MISC forms that are effective for 2016. Also, we will discuss some new Iowa W-2 reporting requirements and penalties for not timely filing or providing 1099 forms. The Protecting Americans from Tax Hikes (PATH) Act of 2015 requires forms W-2, W-3, and 1099-MISC returns to report non-employee compensation, to be filed on or before January 31st of the year following the calendar year to which such ret

This week I want to remind you about the new accelerated due dates for W-2 and 1099 forms that are effective for this calendar year. The Protecting Americans from Tax Hikes (PATH) Act of 2015, which was passed in December, 2015, requires forms W-2, W-3, and returns to report non-employee compensation (e.g., Form 1099-MISC) to be filed on or before January 31st of the year following the calendar year to which such returns relate. Those returns are no longer eligible for the ex