REMINDER – 1099s

An important reminder that you must send 1099s to any non-employees paid more than $600 in calendar year 2020. Note that these should be in the recipients hands by the date below. You may notice a new 1099 for tax year 2020, the 1099-NEC which is being re-introduced and will in many cases, be used instead of the familiar 1099-MISC. Please consult your tax advisor.

FormDue Date to RecipientsFiling Date to IRSE-Filing Date to IRS
1099-NECFebruary 1, 2021February 1, 2021February 1, 2021
1099-MISC (No data in box 8 or 10)February 1, 2021March 1, 2021March 31, 2021
1099-MISCFebruary 16, 2021March 1, 2021March 31, 2021
1099-B & 1099-SFebruary 16, 2021March 1, 2021March 31, 2021
1099-INTFebruary 1, 2021March 1, 2021March 31, 2021
1099-DIVFebruary 1, 2021March 1, 2021March 31, 2021
1099-RFebruary 1, 2021March 1, 2021March 31, 2021
Note: Because January 31 and February 28 fall on Sunday, filing dates fall on the following Monday.