BENEFIT PLAN DEADLINE (12/31 year end): Form 1099-R due to participants who received distribution in 2022. Form W-2 due to report employee’s active participant status for 2022. For additional information … Continued
ALL EMPLOYERS: All employers must have distributed 2022 W-2 forms to their employees and Form 1099s to their proper recipients. BUSINESSES: Give annual information statements to recipients of certain payments you made … Continued
BLS CPAs is a Sponsor for the 28th Annual Block Kids Competition hosted by NAWIC Wilmington Delaware Chapter #96! NAWIC Delaware Chapter #96 hosts a FREE event for students in … Continued
INDIVIDUALS: If you received $20 or more in tips during January, report them to your employer. You can use Form 4070.
INDIVIDUALS: If you claimed exemption from income tax withholding last year on the Form W-4, Employee’s Withholding Allowance Certificate, you gave your employer, you must file a new Form W-4 … Continued
Businesses: Give annual information statements to recipients of certain payments you made during 2022. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient. This due date applies only to the following types of payments. All payments reported on … Continued
Jenni Fleck Jones is a co-panelist for AAM's next Diversity, Equity, & Inclusion Webinar. Fighting the War for Talent: How DEI & Marketing Can Give Your Firm an Advantage Recruiting, hiring and retaining talent is one of the biggest challenges accounting firms face in today’s market. And with enrollment in college accounting programs down as … Continued
Businesses: File information returns (for example, certain Forms 1099) for certain payments you made during 2022. These payments are described under January 31, earlier. However, Form 1099-NEC reporting nonemployee compensation must be filed by January 31. There are different forms for different types of payments. Use a separate Form 1096 to summarize and transmit the … Continued
INDIVIDUALS: If you received $20 or more in tips during February, report them to your employer. You can use Form 4070.
S-CORPORATIONS: File a 2022 calendar year income tax return (Form 1120S) and pay any tax, interest, and penalties due. Provide each shareholder with a copy of their final or amended Schedule K-1 (Form 1120S) or substitute Schedule K-1 (Form 1120S). S-CORPORATION ELECTIONS: File Form 2553 to elect to be treated as an S corporation beginning with calendar year … Continued