Here our tax expert’s team provided all the 1099 tax forms details including 1099 filing requirements, 1099 due date and extensions to tax payers.
For 1099 instructions regarding Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G, refer to the general instructions. These instructions include additional information about 1099 requirements, paper filing, and line instructions. Filers of Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935, and W-2G, may be required to file electronically. Section 6011(e)(2)(A) of the Internal Revenue Code provides that any person, including a corporation, partnership, individual, estate, or trust, who is required to file 250 or more information returns, must file such returns electronically. The 250 or more requirement applies separately for each type of return and separately to each type of corrected return. See Part A. General Information, Sec. 8, Form 8508, and Request for Waiver from Filing Information Returns Electronically, if you are required to file 1099 form electronically, but this requirement causes an undue hardship.
Payers should retain a copy of information returns (or have the ability to reconstruct the data) for at least three years from the reporting due date with the following exceptions:
|Form||IRS Paper Filing||IRS Electronic Filing||Recipient/Participant Copy|
|1097||February 28||March 31||
On or before the 15th day of the 2nd
calendar month after the close of
the calendar quarter (on or before
May 15; August 15; November 15;
February 15 of the following year)
|1098||February 28||March 31||January 31|
|1099||February 28||March 31||January 31*|
|3921||February 28||March 31||January 31|
|3922||February 28||March 31||January 31|
|5498||May 31||May 31||January 31/May 31**|
|5498-SA||May 31||May 31||May 31|
|5498- ESA||May 31||May 31||April 30|
|8935||Due 90 days from date of payment|
|W-2G||February 28||March 31||January 31|
|Note: If any due date falls on a Saturday, Sunday, or legal holiday, the return or statement is considered timely if filed or furnished on the next day that is not a Saturday, Sunday, or legal holiday.|
The application for extension of time to file information returns must be filed by the due date of the return for which the extension is being requested. If the payer/filer is requesting an extension for multiple form types, the extension must be requested by the earliest 1099 due date 2017. A separate extension application is required for each payer/filer.
|Online submission of Extension of Time to File Information Returns||The Fill-in Form 8809 may be completed online via the FIRE System. (See Part B. Sec. 3, Connecting to the FIRE System. From the Main Menu, click “Extension of Time Request” and then click “Fill-in Extension Form”.||Forms 8809 completed on line receive an instant acknowledgement on screen if form is completed properly and timely.|
|Electronic File Transmission (record layout)||A request for an extension of time to file information returns may be filed electronically by transmitting an electronic extension file. See Part D. Extension of Time to File.||Transmitters requesting an extension of time via an electronic file will receive the file status results online.|
|Paper submissions of Form 8809, Application for Extension of Time to File Information Returns||Form 8809 can be obtained on irs.gov Publication and Forms (see Part A. Sec. 5, General Information, Additional Resources). Mail completed Form 8809 to: Internal Revenue Service 240 Murall Drive, Mail Stop 4360 Kearneysville, WV 25430||Payer/filer will receive a letter.|
Here we have 3 methods for filing a request for an extension of time to file information returns:
If the request for extension of time to file an information return is received beyond the due date of the information return, it will be denied. For more information on extension requests and requesting an additional extension of time, see Form 8809, Application for Extension of Time to File Information Returns.
Title 26 CFR Chapter 1 subsection 6081-8(2)(d) allows a payer (filer) or transmitter to request an additional 30-day extension to file information returns if the first automatic 30-day extension was granted and the additional extension is filed before the expiration of the automatic 30-day extension. The additional extension can be filed on Form 8809 or filed electronically provided that the filer faxes a Form 8809 the same day the file is transmitted to satisfy the reason and signature requirement. The on-line Fill-in Form 8809 cannot be used to request an additional extension of time. Sec. 7 Extension of Time for Recipient Copies of Information Returns.
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