BENEFIT PLAN DEADLINE (12/31 year end): Form 1099-R due to participants who received distribution in 2021. Form W-2 due to report employee’s active participant status for 2021. For additional information on these deadlines or our employee benefit plan audit services, please click here to contact us.
ALL EMPLOYERS: All employers must have distributed 2021 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 during 2021. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of … Continued
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 by this date to continue your exemption for another year. For additional information on these deadlines or our tax services, please click here to contact … Continued
Businesses: Give annual information statements to recipients of certain payments you made during 2021. 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
Chris Ciminera, CPA is presenting for myCPE on the topic of Retirement Plan Audits on February 16. This CPE course will cover the audit from beginning to end focusing on important items that the auditor should consider. 12:00 PM EDT Recommended Audience Online CPE Webinar is recommended for CPAs, CMAs, CIAs, QIALs, IAPs, Internal Auditors, External Auditors, Compliance … Continued
Businesses: File information returns (for example, certain Forms 1099) for certain payments you made during 2021. 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
BLS IS SPONSORING THE ESTATE PLANNING COUNCIL OF DELAWARE'S MARCH EVENT Topic: State Income Taxation of Trusts Date: Wednesday, March 2, 2022 Time: 5:00pm - 8:00pm Location: DuPont Country Club Speaker: Dick Nenno FIND OUT MORE HERE: https://www.epcdelaware.org/events/event/21832
S-CORPORATIONS: File a 2021 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
BENEFIT PLAN DEADLINE (12/31 year end): Corrective distribution for failed ADP/ACP without 10% excise tax is due (non EACAs only). Eligible Automatic Contribution Arrangements (EACAs) have until June 30, 2022 to make corrective contributions without a 10% excise tax. For additional information on these deadlines or our employee benefit plan audit services, please click here to contact us.
Form 1042 is due. An automatic 6-month extension using Form 7004 can be filed. This is NOT an extension to pay. Form 3520-A is due for calendar year foreign trusts with a US owner. An automatic 6-month extension is available, using Form 7004. Form 8804 must be filed to report withholding tax on income from … Continued