ETAX1099BLOG

What’s New for E-Filing of 1099 Forms for Tax Year 2019?

Rules and regulations for filing 1099 returns get revised every new year and it’s quite important for every individuals, corporate, organizations, and institution who are liable to pay the taxes to be aware of these changes. Below listed are a few changes that are going to be implemented in this new year i.e. 2019 on wards that involves 1099-MISC and 1099-K. New Rules for Filing 1099-MISC and 1099-K Forms Beginning January 2019, the IRS will implement its...

Due Date for Reporting Form 1099-MISC Box 7 Non-employee Compensation

Legislation pertaining to information returns and part of this legislation advances the tax filing due date for the Form 1099 MISC is recently amended by Delaware. The Form 1099 MISC is to report the non-employee compensation in the Box 7. Hence this makes the tax filing due dates in line along with the federal calendar. Form 1099 MISC with the Box 7 checked may be due on 31st January 2019 for the tax year 2018 and it...

Thresholds Change for Forms 1099-MISC and 1099-K Reporting

Form 1099 MISC and Form 1099 K reporting is looking to change the thresholds in 2019 tax year. Form 1099 MISC, is used to file miscellaneous income, at present the general threshold of $ 600 with few exceptions. The rules and deadlines for filing 1099 forms are constantly revised every tax year. Here are the few changes for the 2019tax filing season including 1099-MISC and 1099-K forms. Thresholds Change for Form 1099-K Form 1099 K is used...

IRS Reporting Requirements for 1099-MISC & 1099-K Forms

In this article, you will get an insight about the key requirements for both the Forms 1099 MISC and 1099 K, what payments to report and Where to report them? This article will help you understand more about the required information to collect before filing. There are many information returns, that is used to report the income but here we will concentrate more on the common information returns: 1099 MISC and 1099 K. 1099-MISC Reporting Requirements You...

March 31st – IRS 1099 Forms Deadline and Due Dates for 2016 Tax Year

Form 1099 is series of 23 documents; the IRS refers as information returns about income. We have different types of 1099 forms (1099-MISC, 1099-K, 1099-INT and etc) that reports the various type of incomes during the year. The due date for 1099s forms is March 31st, 2017.  IRS 1099-MISC Form 1099-MISC reports all the miscellaneous income transactions, the total amount you received through the payments from a single person for your services over the year.   1099-MISC...

What are the Due Dates for 1099 Forms in 2016 Tax Year

Prior to knowing the due dates for 1099 forms 2016 to 2017, it is necessary to know what are IRS 1099 forms especially the ones being described here- Forms 1099-MISC, 1099-K and 1099-INT.  1099 Deadline: 1099 Filing and Submitting Due Dates   March 31st, 2017 is 1099 due date for filing 1099 forms electronically. 1099 MISC due date is on or before 31st January 2017 when reporting nonemployee payments in Box 7. If the deadline for 1099 form...

IRS Form 1099-MISC Instructions for Recipients in 2016

The 1099-misc form is used for reporting specific payment types made in business or trade. If you are self-employed or in business, you might have to submit form 1099-MISC to both the business or the person you are making payments to and to the IRS. You can even submit form 1099 online. If you are a businessman or an individual making payments to others then it is necessary for you to remain aware of 1099-MISC instructions. IRS...

When is Form 1099-MISC Due? Who do I send it to?

Every business needs some kind of help. Businessmen generally hire people for different operations. For example, graphic designers are hired for creating logos for the business and customer service agents are hired for dealing with the sales. If these individuals are used in the form of contractors, they should be given form 1099-MISC. IRS 1099 MISC form is used by the IRS for businesses to report the payments that they make to people who are not employees...

What Happens if You Forget to E-File a 1099 Tax Form

It is necessary for you to get form 1099 if you receive money from a government or business entity during the year which is reportable on your taxes. File 1099 online by taking the services of various online filing service providers. However, prior to considering to e-file 1099 make sure that you have a basic understanding of the form. It is in no ways a tax document but an informational form that needs to be filled out...

1099 Form and 1099-MISC Deadline for 2016 to 2017

1099 forms are related to tax where they are used for reporting various types of payments.  They have certain due dates, after which, they can lead to some severe penalty. These forms are tax documents which are used for reporting some kinds of payments, which are made by financial institutions as well as others, making payments part of their business or trade as per IRS Regulations. This 1099 filing can be done in two ways. Firstly they...