Form 1099-MISC is used to report payments to non-employees. A non-employee is defined as a person or business who is not employed by your company, such as independent contractors, freelancers, or outsourcing companies. This includes persons such as cleaning services, IT support, or maintenance services. Continue reading Who Receives a Form 1099-MISC?
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 2019 Forms 1099-MISC with NEC (Box 7) reporting to the IRS by paper or electronic filing is January 31, 2020.
The deadline to submit 2019 Forms 1099 to the IRS by paper filing is February 28, 2020.
The deadline to submit 2019 Forms 1099 to the IRS by electronic filing is March 31, 2020.
Note: You must file electronically if you are submitting over 250 Forms 1099-MISC, -INT, or -DIV for 2019.
The deadline to distribute 2019 Forms 1099 to recipients is January 31, 2020.
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
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 2019 Form 1099-MISC with NEC reporting by paper or electronic filing is January 31, 2020.
The deadline to request an extension of time to file 2019 Forms 1099 by paper filing is February 28, 2020.
The deadline to request an extension of time to file 2019 Forms 1099 by electronic filing is March 31, 2020.
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.
Employer Shared Responsibility
The Affordable Care Act’s employer shared responsibility provisions require certain employers (called applicable large employers or ALEs) to offer affordable health coverage to at least 95% of their full-time employees and their dependents, or otherwise make a payment to the IRS. Continue reading What is Employer Shared Responsibility?