Two important things to know in regards to 1099 tax compliance:
- If your business worked with independent contractors this year, you’ll need to file 1099 forms.
- The 1099 tax deadlines are much sooner than the other tax deadlines. You need to be thinking about these now.
2020 Tax Deadlines to Keep in Mind
|Estimated tax payments for 2019||January 15|
|1099 Issuance||January 31|
|S Corp, LLC and Partnership returns||March 16|
|C Corp returns||April 15|
|Personal returns||April 15|
Get Your 1099 Forms Filed for Free
We know there is a LOT going on in Q4. You’re trying to close the year strong, use up remaining budget, and lock in sales deals before the end of the quarter. And on a personal level, you’re probably consumed with gift shopping, traveling, holiday parties, and plans with friends and family.
All that to say, if you could take one big to-do off your plate, would you? Sign up for one of our bookkeeping packages between now and Cyber Monday (12/2/19), and we’ll file your 1099 forms for free!
That’s one less thing you’ll need to worry about, AND it’ll also feel good to know that you’re entering the new year with a dedicated financial partner by your side.
If you’re interested in talking to a team member about the Cyber Monday Special, contact us here. If you just have some tax or bookkeeping questions/concerns that you want to talk through, let us know! We’re here to help you stay compliant and be less stressed during this very busy season.
And check out our other content that covers frequently asked tax questions: