With the start of the new year, preparation is in full swing to close out 2016 and begin the tax filing season. Here are a few dates to remember:
Jan 31st: W-2's are due to MN employees. 1099's are due to all contractors and independent workers.
Feb 6th: MN Annual Sales Tax due.
Feb 10th: Form 941/944 due if all 941/944 taxes were paid timely. Form 940 or 940-EZ due if all 2016 FUTA taxes were paid timely and for the full amount.
Feb 15th: Employees must have their W-2, Copy 2, in NE, NJ, NY and WV.
Feb 28th: W-2 information must be submitted to AZ, AR, GA, ID, KS, LA, MD, MI, MS, MN, MO, OH, RI, SC, VT and WV.
No state W-2s required in CA, HI, IA, NY and OK. There is no income tax in AK, FL, NH, NV, SD, TN, TX, WA and WY.
Paper Copy A 1099-MISC (for other than nonemployee compensation), 1099-R, W-2G and 1096 due at the IRS.
Paper Form 8027, Annual Tip Report, due at the IRS.
April 18th: Tax Day for 2016 Taxes