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Meet The IRS/SSA Filing and Distribution Deadlines For 1099/W-2 By January 31st With Ease Using TaxBandits

ROCK HILL, SC / ACCESSWIRE / January 26, 2023 / Businesses have a variety of tax filing obligations, one of the most important is issuing wage statements to their employees and independent contractors and filing these forms with the IRS and SSA every year.

The deadline for filing 1099 and distributing recipient copies for the 2022 tax year is less than a week away on January 31, 2023. The IRS requires these forms to verify taxpayers' income, and taxpayers need these forms to report their income accurately on their own personal tax returns. Because these forms are so significant, the IRS will penalize businesses that fail to file on time or neglect to file completely.

Employers can easily complete their filing and distribute recipient copies with the help of TaxBandits. The industry-leading, IRS-authorized e-file provider, offers a complete solution for filing with the IRS, SSA, and state, and distributing form copies.

Simplified Federal and State E-filing

TaxBandits offers simplified e-filing of Form 1099, Form W-2, Form 940, and Form 941 with the IRS, SSA, and state. Their clients can take advantage of helpful features like Bulk Upload templates, volume-based pricing, and built-in form audits using the IRS Business Rules.

The TaxBandits application also allows clients to easily track all their filing from a user-friendly Dashboard. With advanced security features, TaxBandits is a secure solution for businesses and tax professionals.

TaxBandits enables clients to easily add 1099/W2 state information during the federal e-filing process. When adding state information to their form, TaxBandits will even alert the client as to whether or not state filing is required.

Complete Solutions for Furnishing Copies

By law, employers must provide their employees with a paper copy of their wage statement, unless the employee specifically gives their consent to receive an electronic copy. The same is true for providing a copy of Form 1099-NEC to non-employees. With TaxBandits, employers have the option to distribute both a paper form copy and an electronic form copy.

TaxBandits Handles Postal Mailing

When employers file their federal and state forms with and select Postal Mailing, TaxBandits prints and mails copies on their behalf. USPS Validations are used to ensure that copies are being sent to verified recipient addresses.

TaxBandits Provides Secure Online Form Access

Likewise, when choosing Online Access, their recipients are able to view and download the forms online. Once the recipient is granted Online Access, they will be prompted by email to provide their consent and view the electronic copies of their forms. Recipients will continue to have access to their tax forms indefinitely once they have signed into the portal.

When asked about the upcoming deadline for employers, Agie Sundaram, the CEO, and Co-founder of SPAN Enterprises, the parent company of TaxBandits, stated, "After a decade of e-filing with the IRS, our team recommends that all employers complete their wage statements and 1099-NEC forms by the January 31st deadline to avoid costly IRS penalties. TaxBandits is the perfect solution for e-filing and distributing these forms in time for the deadline."

Employers can create a free TaxBandits account and start filing now at taxbandits.com. TaxBandits doesn't charge any subscription fees, allowing its clients to pay only for the forms they file.

About TaxBandits

The 1099 and W-2 experts! TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider of 1099 Form, Form W2, Form 940, Form 941, 1095-B, 1095-C and W-9, serving businesses, service providers, and tax professionals of every shape and size.

About SPAN Enterprises

Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.

The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.

For any media inquiries, please contact Stephanie Glanville, Content Writer at stephanie@spanenterprises.com.

SOURCE: TaxBandits



View source version on accesswire.com:
https://www.accesswire.com/736994/Meet-The-IRSSSA-Filing-and-Distribution-Deadlines-For-1099W-2-By-January-31st-With-Ease-Using-TaxBandits

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