Some of the many tax items that companies send out in the early part of each year are payroll forms: W-2, 1099-MISC and a few others. Under prior rules, employers and business had until Feb. 28 to submit the previous year W-2 to the Social Security Administration and 1099-R and 1099-MISC (Box 7, non-employee compensation) to the IRS.

The IRS has shorten the filing period for employers and business to submit the government copy of forms W-2, 1099-R and 1099-MISC (reporting Box 7, non-employee compensation) to Jan. 31.