W-2 and 1099 Preparation to Begin Jan. 1

As a small business owner, you are required to issue a Form W-2 Wage and Tax Statement to all of your 2021 employees and a Form 1099 to all of your independent contractors by January 31, 2022.

You should verify employees’ information for their W-2s. This includes names, addresses, and Social Security or individual taxpayer identification numbers. Indicate to PPG Partners or your payroll service provider — whoever prepares your W-2s — any changes or incorrect information as soon as possible.

Form 1099 is used to report amounts paid to independent contractors. If you hired independent contractors this past year for any services totaling over $600, you must send the contractor, the IRS, and certain states (including Wisconsin) a 1099 reporting your payments. If PPG Partners prepares your 1099s, be sure we have all of your information.

If PPG Partners prepares your W-2s and 1099s, we will submit your government copies and send you the W-2s to deliver to your employees. Be sure your current and former employees receive their W-2s by January 31.