IRS Deadlines & Next Steps – Finalizing Your Taxes with XTRM
For Companies For ISVs, Integrators & Aggregators For XTRM Partners

IRS Deadlines & Next Steps – Finalizing Your Taxes with XTRM

The IRS Tax Deadline Is Approaching – Are You Ready? Tax season is in full swing, and with the April 15 deadline just around the corner, businesses need to ensure their 1099-K forms are accurate and submitted on time. Late or incorrect filings can lead to IRS penalties, compliance risks, and unnecessary headaches. If you’re […]

Eira Gruta
Mar 17, 2025

The IRS Tax Deadline Is Approaching – Are You Ready?

Tax season is in full swing, and with the April 15 deadline just around the corner, businesses need to ensure their 1099-K forms are accurate and submitted on time. Late or incorrect filings can lead to IRS penalties, compliance risks, and unnecessary headaches.

If you’re feeling overwhelmed by tax prep, you’re not alone. XTRM’s automated tax reporting system takes the stress out of tax season by simplifying 1099-K filing, reducing manual work, and ensuring compliance with IRS regulations.

 

Important IRS Deadlines Every Business Should Know

Staying ahead of tax deadlines is crucial to avoiding penalties. Here are key dates to keep in mind:

📅 January 31 – Deadline for Third-Party Settlement Organizations (TPSOs) to distribute 1099-K forms to eligible payees.

📅 March 31 – Deadline to electronically file 1099-K forms with the IRS.

📅 April 15 – Tax Day: The deadline for businesses and individuals to file tax returns and report income from 1099-K forms.

 

How to Verify & Submit 1099-K Forms Accurately

Ensuring your 1099-K forms are correct before submission is critical. Here’s a quick checklist to stay on track:

✅ Review Payment Details – Ensure reported payments match your financial records.

✅ Check IRS Thresholds – Confirm if your transactions meet federal and state reporting thresholds.

✅ Validate Recipient Information – Double-check names, TINs, and addresses for accuracy.

✅ Submit on Time – File your 1099-K forms before IRS deadlines to avoid penalties.

 

How XTRM Simplifies Compliance & Keeps You Audit-Ready

Manually handling tax reporting can be tedious and error-prone. XTRM’s intelligent tax automation takes care of the hard part, helping businesses:

  • Automate 1099-K generation & submission
  • Track multi-currency transactions for accurate reporting
  • Reduce filing errors & IRS compliance risks
  • Stay audit-ready with built-in compliance tools

With XTRM, you can eliminate manual tax prep and focus on running your business.

Don’t Miss the Deadline – Automate Your Tax Reporting Today!

The clock is ticking. Stay compliant, avoid last-minute stress, and let XTRM handle the complexities of 1099-K tax filing.

Get started today and make tax season effortless–smarter! 📢 Learn more from our friendly sales team.

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