March 2020: Understanding Form W-9
Understanding Form W-9
How Does it Work and When is it Necessary?
- Repair and maintenance technicians
- Consultants, agents, and brokers
- Engineers and architects
- IT professionals
- Medical and health care payments, to be reported in box 6 of 1099-MISC
- Attorneys’ fees, to be reported in box 7 of 1099-MISC
- Gross proceeds paid to an attorney, to be reported in box 14 of 1099-MISC
- Substitute payments in lieu of dividends or tax-exempt interest, to be reported in box 8 of 1099-MISC
- Payments by a federal executive agency for services (vendors), to be reported in box 7 of 1099-MISC
Employee Spotlight | Cody A. Sonnenberg
Cody joined the Soukup, Bush & Associates team in August of 2019. He first graduated from Colorado State University with a Bachelor of Science in Accounting, then again with a Masters of Accountancy in Taxation. He now works as an associate, helping to prepare both individual and business tax returns.
In his spare time, Cody enjoys going to local cornhole tournaments, exploring new places to eat and drink, and spending time with friends and family.
March 16, 2020 – Federal and state income tax returns are due for flow-through entities, including partnerships and S-Corporations.
Please Note: In order to better serve you, extended business returns will be prepared after the individual filing deadline, April 15, 2020. Thus, we will also be filing an extension for your individual return if we extend your business return.
March 23, 2020 – Please provide all documents and required information for individual and C-corporation tax returns by March 23, 2020. In order to provide our best service, your tax return will be extended and completed after April 15, 2020, if there is still outstanding information needed by March 23, 2020.
March 31, 2020 – Forms 1099 and Form 1096 must be filed with the IRS for all payments other than non-employee compensation if the form is electronically filed with the IRS.
April 15, 2020 – Federal and state income tax returns are due for individual taxpayers, C-Corporations, and Estates and Trusts.