It is important to be aware the Form 1099 deadlines TY2018 in order to avoid incurring potential penalties and fines.
IRS Deadlines for Form 1099 Series
The Form 1099 deadlines TY2018 vary depending on form and type of filing, electronic or paper. It’s also important to note that the IRS eliminated the automatic extension for Form 1099-MISC with NEC reporting, so the deadline is now January 31st.
The Form 1099 deadlines TY2018 are as follows:
- TY 2018 Forms 1099-MISC with NEC (Box 7) reporting to the IRS – January 31, 2019
- TY 2018 Forms 1099 to the IRS by paper filing – February 28, 2019
- TY 2018 Forms 1099 to the IRS by electronic filing – April 1, 2019
Note: You must file electronically if you are submitting over 250 Forms 1099-MISC, 1099-INT, or 1099-DIV for 2018.
The deadline to distribute 2018 Forms 1099 to recipients is January 31, 2019.
State Form 1099 Deadlines
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
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 Form 1099 deadlines TY2018 for extension of time to file are as follows:
- TY 2018 Form 1099-MISC with NEC reporting (paper or electronic filing) – January 31, 2019
- TY 2018 Forms 1099 by paper filing – February 28, 2019
- TY 2018 Forms 1099 by electronic filing – 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.
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BoomTax, The Boom Post, and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors prior to engaging in any transaction.