Do you need more time to file your tax return? Don’t worry, getting an extension of time to file is easy. You can get an automatic extension of six months by filing Form 4868. You will find it at IRS.gov/extensions. But remember – this is an extension of time to file, not an extension of time [...]
This article was published by the IRS. The Internal Revenue Service has announced that starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300. Businesses that [...]
If you are an employer, here is an important filing deadline reminder. The law requires you to file a copy of the W-2 forms you give to your employees by January 31st. You are also required to file the W-3 forms. Remember, you need to send these forms to the Social Security Administration. In addition, if [...]
This article was published by the IRS. Taxpayers will have the option to go paperless for IRS correspondence by 2024 filing season, IRS to achieve paperless processing for all tax returns by filing season 2025 IRS paperless processing initiative will eliminate up to 200 million pieces of paper annually, cut processing times in half, and expedite [...]
You can quickly prepare 1099s and make managing your team easier with QuickBooks Payroll. Create 1099s in QuickBooks Online to send to your contractors and e-file with the IRS. This video goes over how to prepare your 1099s and where you can e-file them after January 1st with QuickBooks Online.
