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Greatland Corporation, one of the country’s arch providers for businesses of W-2, 1099, and 1095 forms and e-filing services, is reminding businesses to be acquainted of the different requirements and differing deadlines of anniversary accompaniment as well.



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What is a 1099-MISC?

A 1099-MISC is the anatomy businesses use to address assorted income, such as assets becoming as a arrangement or freelance worker, as able-bodied as fees, royalties, commissions and rental income. If you are an employer who uses contractors or freelance workers whom you paid at atomic $600 during the year, you charge accommodate them and the IRS with a 1099-MISC anatomy to address this income. Many businesses afield accept that filing 1099-MISC forms with the federal government is enough.



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“More than 30 states crave businesses to book Anatomy 1099-MISC – some with deadlines that alter from those of the IRS,” said Janice Krueger, a accountable amount able at Greatland Corporation. “Most states alone accept one borderline for 1099-MISC reporting, but there are exceptions like Alabama area the borderline varies depending aloft whether accompaniment tax was withheld or not.”



It is important to agenda fines for 1099-MISC delays can add up quickly. They alpha at $50 per Anatomy 1099-MISC if backward 30 canicule or less, accretion to $100 per anatomy if backward added than 30 days. The amends increases to $270 per anatomy filed afterwards August 1.

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Businesses should booty appropriate note: they will not be able to access a 30-day addendum to book 1099’s. Extensions will alone be accepted in cases of adverse accident or austere illness. To administer for such an extension, businesses charge book an IRS Anatomy 8809.

For added advice on 1099-MISC accompaniment filing deadlines, appointment Greatland’s new Yearli Site, the best complete W-2, 1099 and 1095 filing affairs on the market.

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About GreatlandGreatland (www.greatland.com) is the W-2 and 1099 specialist, focused on accouterment information, products, and solutions for baby to mid-size businesses and accountants. Greatland helps barter cross anniversary advertisement changes, including all-encompassing ability about ACA reporting. Through Greatland’s subsidiaries – Greatland, Nelco, and Broker Forms – the aggregation offers an all-encompassing arrangement of specialized articles for businesses: W-2 forms, 1099 forms, 1095 forms, W-2 and 1099 software, online filing, business checks, presentation materials, assets tax alertness supplies, and mortgage forms.  Greatland additionally offers Yearli, a absolute W-2 and 1099 advertisement software and online filing platform. Greatland is an employee-owned aggregation with locations in Grand Rapids, Mich. and Green Bay, Wis. Follow us on Facebook or Twitter: @GreatlandCorp

Contact:           Matt WitowskiLambert [email protected] 616-258-5771

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SOURCE Greatland

http://www.greatland.com

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Last Updated: December 11th, 2019 by admin
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