We’ve created Excel import spreadsheet templates to help you easily upload all of your 1095-B and 1095-C, 1099, and W-2 data. These templates are identical to the official IRS forms so that you can enter the information just as you would on paper.Continue reading Import Spreadsheet Format Guidelines for Tax Year 2020
Before you begin preparing Form 1099-DIV 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-DIV. Continue reading Preparing Form 1099-DIV: A Step-by-Step Guide for TY 2020
IRS Deadlines for Form 1099 Series
The deadlines for Form 1099 series vary depending on form and type of filing, electronic or paper.
The deadline to submit 2020 Forms 1099-NEC to the IRS by paper or electronic filing is January 31, 2021.
The deadline to submit all other 2020 Forms 1099 to the IRS by paper filing is March 1, 2021.
The deadline to submit all other 2020 Forms 1099 to the IRS by electronic filing is March 31, 2021.
Note: You must file electronically if you are submitting over 250 Forms 1099-MISC, -INT, or -DIV for TY2020.
The deadline to distribute all 2020 Forms 1099 to recipients is January 31, 2021.
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.
Please note: Form 1099-NEC does not participate in the CFSF program.
Extension of Time to File Information Returns Deadlines
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 2020 Form 1099-NEC reporting by paper or electronic filing is January 31, 2021 and must be submitted by paper.
The deadline to request an extension of time to file all other 2020 Forms 1099 by paper filing is February 28, 2021.
The deadline to request an extension of time to file all other 2020 Forms 1099 by electronic filing is March 31, 2021.
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-NEC. 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-NEC reporting and additional extension requests are not automatically granted and must meet certain criteria.