ATTENTION ONLINE CREDIT UNIONS

Don’t Delay!

Your next year-end deadline is due by close of business on Thursday, January 6th

Now that we have completed EOY processing, credit unions must make sure that they get the following tasks done by Thursday, January 6, 2022:

  • Review beginning-of-year/tax file verification reports
  • Run tax information reports
  • Final verification of distribution IRA balance file data
  • Verify tax file
  • Verify 1099-MISC and 1099-NEC amounts

2021 Year-End Processing for Online Credit Unions

On Friday, January 7, 2022 the following will be done:

  • Creation and submission of 1099 data to print vendor
  • Creation and submission of 1099-R and FMV data to Ascensus
  • Creation and submission of 1099-NEC and 1099-MISC data to the IRS