As you begin preparing your final payroll tax returns for 2016, take into account earlier due dates for two common information reporting forms and one extended due date for health coverage reporting forms.
Forms W-2 for 2016 are due January 31. The January 31 deadline applies to forms given to employees, as well as those submitted to the Social Security Administration.
Forms 1099-MISC with non-employee compensation in Box 7 are due January 31, 2017. The January 31 due date applies to forms given to the payee, as well as paper and electronic copies filed with the IRS.
Forms 1095-B and 1095-C are due to recipients on March 2, 2017, instead of January 31. There is no change to the February 28 due date for filing paper forms with the IRS, nor the March 31 due date for filing electronically.
See Businesses: Prepare Now for Form 1099-Information Reporting to Avoid Steep Penalties for link to the IRS website defining required recipients of Form 1099-MISC Information Reporting and step-by-step instructions to prepare and file Form 1099s on QuickBooks desktop, QuickBooks Online, and Yearli, an electronic filing service not associated with Intuit QuickBooks.
Yearli is a complete federal, state, and recipient W-2, 1099 and 1095 reporting platform designed to help you generate, file, print and mail all related forms.
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