Key Facts and Dates

Question 0

By what date must versions of 1099 other than 1099-misc be mailed out?

Answer 0

January 31st, with the exception of 1099-B (brokerage transactions), and 1099-S (real estate transactions, which must be mailed out on February 15th.

Question 1

By what date must employers mail out Form W2 and 1099-misc?

Answer 1

January 31st (this is the post mark date)

Question 2

True or False - In addition to mailing to income recipients, Forms W2 and 1099 must be filed by the issuer with the government?

Answer 2

True - This is allows the government to keep track who should be filing returns, and to track possible tax evaders.

Question 3

What are the key dates for filling Form 1120, the corporate tax return?

Answer 3

March 15 is the normal deadline for filing corporate returns, although this can be extended to September 15th by filing for an extension.