ETAX1099BLOG

IRS 1099 form critical due dates in 2018 tax year

Form 1099 is an information return. A taxpayer needs to report the information from 1099 on their tax return. The form 1099 is linked to the Social Security Number so that the IRS can prepare the tax bill easily when the report is unavailable. When the taxpayer fails to report the Form 1099, then the taxpayer needs to face the tax audit.  There are various 1099 forms and their requirements for reporting is different. Check the below table to find the reporting requirements and the due date.

1099 Forms Filing Due Date

Form Type Requirement for reporting Receive By
1099 A Any amount January 31
1099 B Any amount February 15
1099 C $ 600 January 31
1099 CAP $ 100 million January 31
1099 DIV $ 10 January 31
1099 G $ 10 January 31
1099 H Any amount January 31
1099 INT $ 10 January 31
1099 K $ 20,000 January 31
1099 LTC Any amount January 31
1099 MISC $ 600 for non employee compensation January 31
1099 OID $ 10 January 31
1099 PATR $ 10 January 31
1099 Q Any amount January 31
1099 R $ 10 January 31
1099 S $ 600 January 31
1099 SA Any amount January 31
RRB 1099 Any amount January 31
SSA 1099 Any amount January 31

1099 MISC due dates for 2017/2018:

1099 MISC form Copy A must be filed with the IRS by 28th February 2018. When filing electronically the deadline is 2nd April 2018.

1099 DIV due date for 2017 / 2018:

1099 DIV form Copy A must be filed with the IRS by 28th February 2018.When filing electronically the deadline is 2nd April 2018.

1099-INT due date for 2017 / 2018:

1099 INT form Copy A must be filed with the IRS by 28th February 2018. When filing electronically the deadline is 2nd April 2018.

1099-R due date for 2017 / 2018:

1099 R Copies 1, B and C must reach the recipient by 31st January. 1099 R form Copy A must be filed with the IRS by 28th February 2018.When filing electronically the deadline is 2nd April 2018.

Conclusion:

On the whole, find the due dates and their reporting requirements. File those forms on time and avoid the IRS penalties.

Register NOW! and e-file your 1099 taxes.

By admin

Leave a comment

Your email address will not be published. Required fields are marked *