Ep 45 ~ What to expect when filing your W-2’s and 1099’s this year

The Church Finance & Minister Tax Podcast- Church finances, Minister Taxes, Minister payroll, IRS Compliance

1. Check your W-4 information - make sure have all required information on all current and past 2023 EE’s and update if needed
   1. This is also a good time to update your EE files with any new information or missing info incl. I-9’s
2. Beginning January 2024, the IRS has issued final regulations for filing paper return and you now have to file electronically if you have only 10 or more W-2 OR 1099’s to file.
   1. W-2’s SSA.gov/BSO = you will have to create a new login through either ID.Me or Login.gov
   2. I use track1099 to file my 1099 forms
      1. Can either email or print and mail to contractors
      2. Make a list of all your contractors and make sure you have the info needed

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