How To Avoid Late Filing Penalties with TaxBandits

The January 31 deadline for filing Form 1099-MISC & Form W-2 for your employees is right around the corner! 

If you’ve already filed, that’s great! But if you’re a slight procrastinator like myself, or have found yourself overwhelmed with handling the various aspects of your business, you will need to utilize a quick and easy tax filing solution to meet the upcoming deadline.

Whether it’s 10 forms or over 1,000 forms, TaxBandits will help you quickly file and maintain compliance with the IRS. Designed to meet a variety of business tax return filing needs, TaxBandits supports filings from small businesses to major accounting firms and helps to avoid expensive tax penalties.

Employers are responsible for distributing W-2 Forms  and 1099 Forms to each of their employees as well as properly filing with the Social Security Administration (SSA) by the January 31 deadline annually.

If you fail to file Form W-2 or Form 1099-MISC by the deadline and cannot show reasonable cause, you may be subject to some pretty hefty penalties.

Reasons for Being Penalized

Against popular belief, there are several ways that business owners can receive W-2 filing penalties and 1099 filing penalties outside of failing-to-file by the January 31 deadline. You may be penalized if you:

  • Fail to include all required information to complete Form W-2 or Form 1099-MISC
  • File with incorrect information
  • File with paper forms when you’re required to e-file
  • Report an incorrect TIN (tax identification number) or Forget to include a TIN
  • File paper W-2 or 1099-MISC Forms that are not machine-readable

Avoid Late Filing Penalties When You File With TaxBandits

Eliminate the worry and concern of missing the upcoming filing deadline by e-filing with TaxBandits! With TaxBandits, you can easily handle your tax filings with our simplistic, interview-style filing process in no time. 

Our stellar U.S.-based customer support team can guide you through the process step-by-step and you can even begin the e-filing process at anytime, save the return, and complete it at a later date.

At TaxBandits, we understand that mistakes happen, which is why we provide and support W-2 Corrections and 1099 Corrections. Even if you didn’t originally file with us, you can still correct it with our comprehensive software.

Helping You Every Step of the Way

If you need any help with your Form W-2 or Form 1099 then give our outstanding, US-based TaxBandits support team a call. We will happily answer all of your questions. We’re available Monday – Friday from 9 AM to 6 PM EST at 704.684.4751. Also, you can reach us via live chat and through our 24/7 email support at

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