TaxBandits is Ready to Help You E-file W-2, 1099, and 94x Forms for the 2021 Tax Year!
Out with the old year and in with the new, 2022 has arrived. This means that in addition to your new year’s resolutions you will also need to complete your year-end filing deadlines with the IRS.
Not sure where to start? Well, you’re in luck because we are your 1099 and W-2 experts here at TaxBandits!
TaxBandits has you covered, we support the year-end forms you are required to file. This includes Form W2, 1099-NEC, 1099-MISC, and Forms 940/941.
Here is a quick rundown of each form with links to some helpful videos to get you started!
The Form W-2 is a wage tax form that reports the wages you paid to your employees and the taxes that you withheld from their pay. This includes social security, Medicare, and income taxes.
This form must be completed and submitted to the SSA on or before January 31. Employers also have the responsibility to furnish their employees with a copy of their Form W2.
To learn how to begin filing Form W-2 with TaxBandits, check out the video below.
Businesses should report all non-employee compensation using Form 1099-NEC for the 2021 tax year. Not sure about the difference between an employee and an independent contractor? Check out this blog!
Ready to start filing 1099-NEC? Check out this video
Businesses can use Form 1099-MISC to report an assortment of payments that are not related to non-employee compensation. Some of these include:
- Royalties or broker payments in lieu of dividends exceeding $10.
- Awards or prizes
- Medical and healthcare payments
- Fishing boat proceeds
- Payments made to attorneys
- Crop insurance proceeds
Remember, even though the deadline to e-file Form 1099-MISC with the IRS is March 31, 2022, the deadline to furnish copies is January 31, 2022!
Form 941 and 940
Form 941 is a form that employers are required to file on a quarterly basis to report the Medicare taxes, federal income taxes, and social security taxes withheld from their employees’ pay. The deadline for filing 941 for the 4th quarter of 2021 is January 31, 2022.
Check out this video to learn more about the Form 941 e-filing process
TaxBandits also supports Form 940, this form is used to report Federal Unemployment Tax Act (FUTA taxes). Employers required to pay FUTA taxes must file this form by January 31, 2022.
TaxBandits is here to simplify your year-end filing!
With our bulk upload feature, you can easily upload all your employee details for faster filing. TaxBandits can also help you fulfill your state filing requirements.
We eliminate your chances of filing an incorrect TIN for your employees and recipients by running TIN Matching on your forms.
We also offer options for handling your recipient copies. When you select our postal mailing services, we ensure that all of your forms are printed and mailed to USPS Validated addresses within 24 hours of transmittal.
You can also choose our online Tax Form Access. This allows your employees to view and download their forms at any time through a secure portal.
With so many options available, why not begin filing today!