A community of 30,000 US Transcriptionist serving Medical Transcription Industry
The posts about W2s. sm - Amazed
Posted: Jan 29, 2011
I am amazed at how many people ask the same question year after year about company after company. Companies have until 1/31 to mail W2s. The bigger the company, the longer it takes to finish up the previous year's books and have W2s ready to print. It takes a lot of time to print, assemble, stuff, seal, stamp and mail an entire company's worth of W2s. Smaller companies often take just as long because they don't have a large accounting department or the manpower to assemble them all quickly. If you've ever worked in an office of any kind of company, not just transcription, and have access to the accounting department, you would know that January is insane for them.
1099s have to be out by 2/28 every year.
The laws have not changed. The company policies have not changed. Accounting doesn't change.
Amen! Goes to show the watering down of this "profession". - sm
[ In Reply To ..]Anyone who has ever had a job should know the rules about W2s and 1099s. Your MTSO isn't trying to pull one over on you. Geez people, get a grip...what a paranoid bunch.
Partly correct - 1099 wrong
[ In Reply To ..]1099s have to be mailed by 1/31 as well.
The 2/28 deadline is for 1099s to be filed with the IRS, not given to the contractor.
No excuses for slowness for MTSOs! sm - Automated
[ In Reply To ..]If some of these MTSOs updated their software, etc, all of that information can be automated. And rarely do large companies physically stuff envelopes anymore. LOL. I got my MQ W2 two weeks ago AND another from a smaller MTSO last week. Just as we know it's the same thing every year as far mailings, so do these MTSOs. So why CAN'T the majority of them get them out on time? They already have the information. Non-transcription companies sure do not have this problem.
Legally they have until Jan. 31st. I'm sure if you - sm
[ In Reply To ..]owed the IRS money you would wait until April 15th at the last minute to send it!
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