January 31st 2012 is the Deadline for 2011 Forms W-2 and 1099

W-2

All employers should  give to employees their copies of Form W-2 for 2011 by January 31, 2012. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the employee of the posting by January 31.

All businesses. Give annual information statements to recipients of certain payments you made during 2011. You can use the appropriate version of Form 1099 or other information return. Form 1099 can be issued electronically with the consent of the recipient. Payments that may be covered include the following.

Cash payments for fish (or other aquatic life) purchased from anyone engaged in the trade or business of catching fish.

Compensation for workers who are not considered employees (including fishing boat proceeds to crew members).

Dividends and other corporate distributions.

Interest, rent, royalities.

Payments of Indian gaming profits to tribal members.

Profit-sharing distributions.

Retirement plan distributions.

Original issue discount.

Prizes and awards.

Medical and health care payments.

Debt cancellation (treated as payment to debtor)

Cash payments over $10,000.

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