In this article, let us check how to request an extension for filing 1099 tax forms with the IRS. Before that do you know that there are two types of extensions:
- One is an extension for dispersing the 1099 forms to the recipients.
- The other one is the extension to file the 1099 tax forms with the IRS.
When your company requires a lot of time to file the 1099 tax forms with the IRS, then you need to send the IRS 8809 form in order to apply for an extension.
How to fill out Form 8809?
Fill the taxpayer information as requested and check the box under which type of form you need time to file. To fill the form 8809 you need to attach the reason for the request. The time extension request 8809 can be completed either through electronic filing or by mail.
When to apply for this extension?
You can start filing the extension request Form 8809 to the IRS as soon as possible, the filings start from the new year.
When you plan to file the 1099 MISC Form in order to report the Nonemployee Compensation (NEC) payments under the box 7, then you need to request the extension by January 31 and not later than that.
The due dates to file the Form 8809 are given below:
|Form (s)||When filing through paper, the due date is||When filing electronically, the due date is|
|Form W 2||31st January||31st January|
|Form W 2G||28th February||31st March|
|Form 1042 S||15th March||15th March|
|Form 1094 C||28th February||31st March|
|Form 1095||28th February||31st March|
|Form 1097||28th February||31st March|
|Form 1098||28th February||31st March|
|Form 1099||28th February||31st March|
|Form MISC (NEC)||31st January||31st January|
|Form 3921||28th February||31st March|
|Form 3922||28th February||31st March|
|Form 5498||31st May||31st May|
|Form 8027||Last of February||31st March|
When you forget to file the extension on time, then you will be entitled to the IRS penalties and charges.
Requesting an 8809 Extension to Deliver the Forms to the Recipients
This type of extension is covered under the IRS publication 1220 guidelines around the type of extension in the section D. In this case, you need to send the request letter stating why you need time to disperse the forms through fax, mail or electronic FIRE system to the IRS. This request should be sent before the due date of dispersing the forms to the recipients that are on 31st January.