1099 Due Dates

There are multiple deadlines for 1099s, depending on what they’re for. Each 1099 also has separate deadlines to send it to the recipient, for paper filing to the IRS, and for electronic filing to the IRS.

This post is provided for general information only. Please confirm the details and circumstances of your unique situation with your tax accountant or other appropriate advisor before taking action.

Form 1099-NEC

Form 1099-NEC stands for nonemployee compensation. It’s the most common tax form that businesses issue to independent contractors.

You must send Form 1099-NEC to both the recipient and the IRS by January 31st to report payments made during the previous calendar year.

If your business is on a different tax year, the deadline stays the same, because this form is for the income your independent contractors have to report on their personal tax returns due on April 15th.

Form 1099-MISC

Form 1099-MISC stands for miscellaneous income. This form is no longer used for independent contractor income, but it is still used for several other types of income.

Income reportable on Form 1099-MISC includes rents, royalties, fishing boat proceeds, certain medical and healthcare payments, and other miscellaneous types of income.

If the 1099-MISC has income in box 8 (Substitute payments in lieu of dividends or interest) or box 10 (Gross proceeds paid to an attorney) the due date to send it to the recipient is February 15th. Otherwise, the due date is January 31st.

Regardless of what type of income is on the 1099-MISC, you have to send it to the IRS by February 28th if you’re paper filing. If you’re filing electronically, you have until March 31st.

The different dates to file with the IRS are due to mailing and processing times. They can automatically process forms that are filed electronically, but have to manually process mailed forms.

Since your 1099s should be finalized when you send them to the recipient, it usually makes sense to just go ahead and file them with the IRS at the same time unless you suspect you might need to correct them.

Form 1099-A 

Form 1099-A is mainly issued by banks after they foreclose on a house or otherwise repossess it. You should receive this form by January 31st.

Banks have until February 28th for paper filing with the IRS and March 31st for e-filing.

Form 1099-B

Form 1099-B is for broker and barter exchange transactions. This form is usually used for capital gains received from mutual funds or ETFs and for sales of stocks, ETFs, mutual funds, and bonds.

You should receive this form by February 15th. Brokers have until February 28th for paper filing with the IRS and March 31st for e-filing.

Form 1099-C

Form 1099-C is for cancellation of debt. This is usually when a lender writes off a loan or credit card you haven’t been paying.

You should receive this form by January 31st. Lenders have until February 28th for paper filing with the IRS and March 31st for e-filing.

Form 1099-DIV

Form 1099-DIV is for dividend income. This will usually be from stocks, ETFs, and mutual funds in a taxable brokerage account.

You should receive this form by January 31st. Banks have until February 28th for paper filing with the IRS and March 31st for e-filing.

Form 1099-G

Form 1099-G is for gambling income.

You should receive this form by January 31st. Casinos, sportsbooks, and other gambling promoters have until February 28th for paper filing with the IRS and March 31st for e-filing.

Form 1099-INT

Form 1099-INT is for interest income. This is mainly for interest on bank and credit union savings accounts and CDs including when credit unions call interest dividends.

You may also receive a 1099-INT for savings bond interest and other treasury obligations.

You should receive this form by January 31st. Banks have until February 28th for paper filing with the IRS and March 31st for e-filing.

Form 1099-K

Form 1099-K is for payments you receive through an electronic payment network like PayPal or Square. If you’re an independent contractor for a company that pays through a similar service, you should receive a 1099-K from the payment service and should not receive a 1099-NEC from the company you worked for.

You should receive this form by January 31st. Payment networks have until February 28th for paper filing with the IRS and March 31st for e-filing.

Form 1099-PATR

Form 1099-PATR is for patronage dividends or certain distributions from cooperatives you’re a member of.

You should receive this form by January 31st. Cooperatives have until February 28th for paper filing with the IRS and March 31st for e-filing.

Form 1099-R

Form 1099-R is for retirement account distributions. Pay close attention when entering this form on your tax return, as it often won’t reflect whether you had a qualified reason for an early distribution.

You should receive this form by January 31st. Banks and brokers have until February 28th for paper filing with the IRS and March 31st for e-filing.

Form 1099-S

Form 1099-S reports the proceeds from real estate transactions or the sale or exchange of real estate.

You should receive this form by February 15th. Closing agents have until February 28th for paper filing with the IRS and March 31st for e-filing.

Form 1099-OID

Form 1099-OID stands for original issue discount. It’s used when you buy certain bonds and other debt obligations at a discount to face value.

You should receive this form by January 31st. Issuers have until February 28th for paper filing with the IRS and March 31st for e-filing.

What about state 1099s?

Many states also have 1099 requirements. They usually use similar forms to the IRS but often have differences like requiring a lower amount of income to have to issue a 1099.

State filing due dates can also vary. Check with your state for details.

What if I don’t receive my 1099 on time?

If you don’t receive your 1099 on time, remember that the issuer sent it on time if it’s postmarked as of the last day. It may take a few additional days to arrive in the mail.

Contact the issuer not the IRS if you’re missing a Form 1099. If the company doesn’t respond, you can call the IRS.

If you kept your own records of your income, you can generally file your tax return with that information. You usually don’t need to attach 1099s to your tax return. Most tax software only asks for 1099s to help you file more accurately.

What if I didn’t send a 1099 on time?

If you’re required to issue a 1099 and didn’t meet the IRS deadline, contact a tax attorney or Enrolled Agent immediately. The IRS is very strict on sending 1099s late.

The penalties can potentially be hundreds of dollars per form. That’s per person you paid not per type of form you had to file.

The penalties are also very hard to get out of.

Of course, you’ll want to move as quickly as possible because the penalties can increase the longer you take.

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