Don't miss upcoming deadlines for tax information

February 2, 2015

Don’t miss upcoming deadlines for tax information

Sovos

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Sovos

This blog was last updated on June 27, 2021

If your organization hasn’t sent out certain tax forms, you’re running short on time. Many tax information reporting deadlines are approaching, and you must have these necessary documents postmarked by the appropriate dates.

While the due dates for sending copies to the IRS are further out, the recipient deadlines are more pressing. Some forms were due by Jan. 31, including:

1099-MISC, Miscellaneous Income (A-G only)
1099-CAP, Changes in Corporate Control and Capital Structure
1099-OID, Original Issue Discount
1099-PATR, Taxable Distributions Received From Cooperatives
1099-LTC, Long Term Care and Accelerated Death Benefits
W2G, Certain Gambling Winnings
1098-T, Tuition Payments Statement
1098-E, Student Loan Interest Statement

February deadlines
Other forms have recipient due dates in February. These deadlines are in the middle of the month, which means your organization has some time to gather the necessary paperwork and meet its tax compliance obligations. Here are forms with a Feb. 15 deadline:

1099-MISC, Miscellaneous Income (H-I only)
1099-B, Proceeds from Broker and Barter Exchange Transactions
1099-S, Proceeds from Real Estate Transactions

February also has tax reporting deadlines for Puerto Rico, Canada and individual states. If you want to get information on these due dates, be sure to check out our free February Reporting Requirements webinar.

Sovos

Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.

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