new-irs-deadlinesW-2/1099 forms and Partnership/Limited Liability Company  have NEW FILING DUE DATES

Beginning in 2017, the IRS has changed the deadlines for government filings.

W-2 & 1099 forms are DUE  January 31.

This means that you will not only be required to provide W-2 forms to your employees by January 31st, PLUS you MUST also file W-2 forms and their W-3 transmittal with the Social Security Administration on that same January 31 deadline. If you file electronically, the due date is also January 31, 2017.

You also must issue your 1099-Misc forms to your contractors, and file 1099-Misc forms and form 1096 transmittal, to the IRS, by January 31 as well.

AFTER JANUARY 31st  PENALTY FEES:  Waiting until February 28th to file the government copies is No Longer An Option. The IRS can assess a penalty of $30 per W-2/ 1099  for filing within 30 days of the January 31 due date.  If you file between 30 days of the due date and August 1, the fine increases to $60 per form, with a maximum fine of $500, or $200 if you operate a small business.

As a result of this shortened deadline period between year-end and the filing date, it is EXTREMELY IMPORTANT that you implement practices to insure you are obtaining all the necessary information, and tracking all the appropriate expenditures.

January – November Accounting Must Be Up To Date by early DECEMBER allowing only for December Accounting to be completed in January 2017.

Make certain that all of your W-2 employee and 1099-Misc contractors have completed and signed form W-4 / W-9 respectively with their current identification and filing information. Verify your employees filing status, and confirm their mailing addresses prior to the end of the year.




(2017 filing season) and beyond.

March 15 (Extensions Until Sept. 15)

  • Form 1065, U.S. Return of Partnership Income (Limited Liability Company)
  • Form 1120S, U.S. Income Tax Return for an S Corporation.

Note: This is the due date for the tax return and also for the Schedules K-1 that the entity must provide to its owners.

April 15 (Extensions Until Oct. 15, Unless Noted Below)

  • Form 1040, U.S. Individual Income Tax Return;
  • Form 1041, U.S. Income Tax Return for Estates and Trusts (extensions until Sept. 30);
  • Form 1120, U.S. Corporation Income Tax Return
  • FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR)


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