November 4, 2019

This blog post is provided by: NELCO.

NELCO is a partner with Shelby Systems providing Shelby customers with tax forms and other necessary business forms. Shelby software exports precisely to NELCO forms. ShelbyNext Financials are integrated to enable customers to eFile with the click of a button. Just visit NELCO to order the forms you need.

What You Need to Know

Preparing early is key. To help you get ahead of the game, use an authorized resource like Nelco (a leader in W-2, 1099 & 1095 forms and technology) to help you navigate through the requirements and questions this reporting season.

Important Deadlines

  • The W-2 and 1099-MISC (box 7) recipient, e-file and paper form deadlines all fall on January 31.
  • Many states have moved their deadlines from February or March to coincide with the January 31st federal deadline. View State Deadlines

Know Your Forms

W-2 Forms

  • The form employers use to report yearly wage and withholding information for employees.
  • An employee is defined as anyone who performs services for an employer and the employer can control what will be done and how it will be done (Even employees with freedom of action).
  • File to the SSA & Employees.

1099 Forms

  • The form businesses use to report miscellaneous income. (e.g. contract or freelance worker whom you paid at least $600 during the year, as well as fees, royalties, commissions and rental income).
  • An individual is considered an independent contractor if the payer has the right to control or direct only the result of the work and not how it will be done.
  • File to IRS & Recipients.

1095-C Forms

  • The form employers use to report health coverage for employees (1095-B for self-insured employers with fewer than 50 full-time employees).
  • Full-time employees are defined as those who worked an average of at least 30 hours per week or 130 service hours in a calendar month.
  • This year two states (Washington DC and New Jersey) are now requiring the 1095-C to be filed.
  • File to IRS & Recipients.

Other Forms

There are other forms you may be required to file, such as 1099-DIV, 1099-INT, or 1099-R to name a few. To see information on forms and deadlines, visit IRS.gov or NelcoSolutions.com/Resources.

Don’t wait until the last minute!

If you choose to print your own forms, then it is time to order those forms. Just click here to go online and order the forms you need.

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