Introducing Our Free ACA E-filing Service for Small Businesses

As part of our continued commitment to small businesses, we are proud to announce the launch of our FREE ACA e-filing service for select employers.

Beginning today, employers with up to 75 full-time (or full-time equivalent) employees can use BoomTax to file their IRS tax forms 1094-C and 1095-C electronically with the IRS for the 2016 tax year for FREE.

Continue reading Introducing Our Free ACA E-filing Service for Small Businesses

Preparing Form 1099-INT: A Step-by-Step Guide for Tax Year 2018

Before you begin to prepare your Form 1099-INT filing, it is important that you know what information you need. This step-by-step guide identifies 5 key topics that will help you correctly and timely file your Form 1099-INT.  Continue reading Preparing Form 1099-INT: A Step-by-Step Guide for Tax Year 2018

Preparing Form 1099-MISC: A Step-by-Step Guide for Tax Year 2018

Before you begin preparing your Form 1099-MISC reporting, it is important that you know what information you need to gather. This step-by-step guide identifies 5 key topics that will help you correctly and timely file your Form 1099-MISC.

What’s New for 2018?

The IRS recently announced that Forms 1099-MISC with NEC (Box 7) reporting will no longer receive automatic extensions of time to file in order to combat an increase in fraudulent tax returns. Extensions can still be requested, but will not be automatically granted. Please refer to the instructions for Form 8809 for more information on how to request an extension.  Continue reading Preparing Form 1099-MISC: A Step-by-Step Guide for Tax Year 2018

Tax Year 2018 Deadlines for Form 1099 Series

IRS Deadlines for Form 1099 Series

The deadline to submit 2018 Forms 1099-MISC with NEC (Box 7) reporting to the IRS by paper or electronic filing is January 31, 2019.

The deadline to submit 2018 Forms 1099 to the IRS by paper filing is February 28, 2019.

The deadline to submit 2018 Forms 1099 to the IRS by electronic filing is April 1, 2018. 

Note: You must file electronically if you are submitting over 250 Forms 1099-MISC, -INT, or -DIV for 2018.

Recipient Deadlines for Form 1099 Series

The deadline to distribute 2018 Forms 1099 to recipients is January 31, 2019. 

State Deadlines for Form 1099 Series

Requirements and deadlines for state Form 1099 reporting vary by each individual state. Many states that require Form 1099 reporting participate in the Combined Federal and State Filing Program. It is always best to verify this information by contacting the responsible state agency in order to avoid potential penalties.

Extension of Time to File Information Returns Deadlines for Form 1099 Series

Form 8809 is used to request a 30-day extension of time to file your information returns with the IRS. You should request this extension as soon as you suspect it will be necessary.

The deadline to request an extension of time to file 2018 Form 1099-MISC with NEC reporting by paper or electronic filing is January 31, 2019. 

The deadline to request an extension of time to file 2018 Forms 1099 by paper filing is February 28, 2019.

The deadline to request an extension of time to file 2018 Forms 1099 by electronic filing is April 1, 2019.

If you are requesting an extension for more than one type of form, the request must be filed by the earliest due date of the combined forms.

Initial requests are granted automatically upon filing Form 8809, with the exception of Form 1099-MISC with NEC reporting. If you receive an automatic extension, you may request one additional extension by submitting a second Form 8809 by paper before the end of the first extension period.

Extension requests for Form 1099-MISC with NEC reporting and additional extension requests are not automatically granted and must meet certain criteria.