01/12/2024
Employer Deadline to File Wage Statements is January 31:
The IRS would like to remind employers that 1/31/24 is the deadline to file wage statements and forms for independent contractors. The forms required to be filed by this deadline include Form W-2, Form W-3, Form 1099-MISC, and Form 1099-NEC. Form W-2 and Form W-3 must be filed with the Social Security Administration and Form 1099-MISC and Form 1099-NEC must be filed with the IRS. New electronic filing requirements are also in effect beginning in 2024. Businesses that file at least 10 information returns, must file W-2s and certain information returns electronically. The Information Returns Intake System (IRIS) is a free electronic filing service for the Form 1099 series and is offered by the IRS. This online portal can also be used to prepare payee copies for distribution, file corrections, and request automatic extensions.
