1099 Reporting

Here's a quick reference of 1098 and 1099 filing dates due in 2018 for tax year 2017. You may also download the Excel spreadsheet here.

Filing Deadlines

2018 1099 filing dates for 2017

Assistance provided by Cokala Tax Information Reporting Solutions, LLC.

Penalties for Late Filing

2018 penalties for late 1099 filing

Source: Circulus, Sandy Champion

Click here to download the full PowerPoint file of 2017 1099 updates fromRead More

Any corporation, partnership, employer, estate and/or trust that is required to file 250 (or more) 1097, 1098, 1099, 3921, 3922, 5498, and W-2G forms must file electronically via the FIRE (“Filing Information Returns Electronically”) website. Filers that have less than 250 of these information returns are encouraged to file electronically as well.

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The purpose of this updated publication is to provide the specifications for e-filing

  Income paid in the calendar year other than wages, tips and salaries must be reported to the IRS on Forms 1099 and 1042-S. The following links lead to information and tools related to 1099-MISC and 1042-S reporting available to members of the Accounts Payable & Procure-to-Pay Network. Definitions and Explanations Basics Form 1099-Misc Filing Basics… Read More

If you filed an information return late, with the wrong TIN or none at all, you might receive a 972CG Penalty notice from the Internal Revenue Service. Recipients of a penalty notice have 45 days to respond and either pay the penalty or write an explanation as to why the penalty should be abated.… Read More

Accounts payable professionals need to be aware of an important piece of new tax legislation that affects filing dates for IRS Forms 1099, the series of information returns used to report income types other than wages, salaries, and tips (Form W-2 is used for those). The 2016 Consolidated Appropriations Act combines federal government funding… Read More

The Internal Revenue Service (IRS) recently implemented corrections to its Taxpayer Identification Number (TIN) Online Matching Program. The changes took effect in November. TIN Matching is part of a suite of Internet-based pre-filing e-services that allows “authorized payers” the opportunity to match 1099 payee information against IRS records prior to filing information returns. Mary… Read More

By Pam Miller, APMD Independent contractor vs. employee—AP knows the IRS rules. AP has been determining which vendors are 1099-reportable—and which are not—for years now. As we know, control and relationship are determining factors: behavioral control, financial control, and the type of relationship established between the parties. But the IRS rules determining whether a… Read More

Companies that receive “B” Notices from the Internal Revenue Service (IRS) must respond in a timely and appropriate manner to avoid costly penalties. The IRS sends B Notices—technically referred to as CP2100 or CP2100A notices—in the spring and/or fall to payers (companies/organizations) that filed 1099 forms containing errors earlier in the year. “The IRS… Read More

Form 1099-MISC payers are not required to report, on a Form 1099-MISC, payments made to a government payee, according to IRS Instructions for Form 1099-MISC, reminds Marianne Couch, Esq., Principal of Cokala. Government payees include the United States or any of its agencies or instrumentalities—as well as a state, the District of Columbia, a… Read More

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