Deadline Looming to File Forms 1099 and W-2
Happy New Year!
I wanted to reach out to you to remind you that 2023 year-end tax statements Forms 1099, and Form W-2, are due on or before January 31, 2024 and I am here to help you.
If you had independent contractors/day workers that you paid in excess of $600.00 during 2023, then you are required to issue Form 1099 to that worker on or before January 31, 2024. The IRS is pretty strict about enforcing the issuance of these forms and if the forms are not issued or issued late, then a penalty may be assessed. Also, your deduction to pay these workers (which is not evidenced by a Form 1099) may be disallowed.
I am here to help you get these important documents out to your workers
If you have any questions, comments, or concerns, please feel free to call me at 619-497-1040. Thank you! Anthony