- March 30, 2023
Form 1099 is one of the most important of all IRS tax forms. It helps taxpayers prepare information return reports on different incomes generated by individuals outside their regular jobs. Taxpayers should prepare and file 1099 Forms online within the deadline to avoid fines and penalties. There are different due dates for each of these tax Forms, such as the deadline for e-filing the returns, for paper filing of the returns, and the deadline to send the recipient copy of the tax Form. These due dates are summarized as follows.
Due dates for filing the 1099 Tax Forms
Taxpayers can use 1099 forms to report the different types of income with the Internal Revenue Service. The deadline to file the recipient copy of the 1099-MISC Form is 31st January. Tax Payers filing the paper forms should file them by 28th February. The due date for the 1099 tax form’s electronic filing is 31st March of the 2022 tax year. Tax Payers submit payments in box eight or box 10 of the tax Form; the deadline is 15th February.
The deadline for different 1099 Forms is tabulated below. If the taxpayer requires additional time to file the 1099 tax Forms, they should request a 30-day extension with the IRS by filing Form 8809. This extension, however, is not available for Tax Form 1099-NEC.
| Different 1099 Tax Forms
|
Deadline for E-filing to IRS | Deadline for paper filing 1099s to IRS | Deadline to send the recipient copy of the tax Form
|
| Form 1099-A | 31st March | 28th February | 31st January |
| Form 1099-B | 31st March | 28th February | 31st January |
| Form 1099-C | 31st March | 28th February | 31st January |
| Form 1099- CAP | 31st March | 28th February | 31st January |
| Form 1099-DIV | 31st March | 28th February | 31st January |
| Form 1099-G | 31st March | 28th February | 31st January |
| Form 1099-H | 31st March | 28th February | 31st January |
| Form 1099-INT | 31st March | 28th February | 31st January |
| Form 1099-K | 31st March | 28th February | 31st January |
| Form 1099-LS | 31st March | 28th February | 31st January |
| Form 1099-LTC | 31st March | 28th February | 31st January |
| Form 1099- MISC | 31st March | 28th February | 31st January |
| Form 1099-NEC | 31st March | 28th February | 31st January |
| Form 1099-OID | 31st March | 28th February | 31st January |
| Form 1099-PATR | 31st March | 28th February | 31st January |
| Form 1099-Q | 31st March | 28th February | 31st January |
| Form 1099-QA | 31st March | 28th February | 31st January |
| Form 1099-R | 31st March | 28th February | 31st January |
| Form 1099-S | 31st March | 28th February | 31st January |
| Form 1099-SA | 31st March | 28th February | 31st January |
| Form 1099-SB | 31st March | 28th February | 31st January |
Filing the IRS tax Forms with the IRs after the due date will incur an additional penalty of $30 to $100 per Form. Also, disregarding the 1099 requirements intentionally will result in a penalty of $250 per Form. Experts at Tax2efile can help taxpayers file these tax Forms well within the deadline without any errors. Filing Forms with errors will result in too much to and for and incur penalties for late filing. Taxpayers can contact tax professionals at Tax2efile for queries regarding 1099 Forms.
