November 12, 2019

Form 1099-MISC Deadlines

Related Service Tax & Business

Form 1099-MISC Deadlines Tax & Business

As the end of the year approaches, we are reminding our readers about the filing deadlines related to IRS Form 1099-MISC. Different filing deadlines apply, depending on what type of income is being reported.

  • Form 1099-MISC is to be filed with the IRS and the recipient on or before January 31, 2020, when reporting nonemployee compensation (NEC) payments in box 7 (this applies for both paper and electronic filing).
  • If 1099 MISC is being filed and NEC is not reported, Copy B and Copy 2 of the 1099-MISC form are to be sent to the recipient by January 31, 2020.
  • Copy A of the 1099-MISC form is to be filed with the IRS by February 28, 2020.
  • Electronically filed forms are due March 31, 2020.

Most payments made by companies are reportable in box 7. Therefore, the best practice is to mail and file all 1099-MISC forms on January 31.

Extensions of time for filing 1099-MISC reporting NEC will be granted only in the event of a catastrophic event, fire, casualty, natural disaster, serious illness, or unavoidable absence of the individual responsible for the filing.

Visit the IRS website for Form instructions.