Form 1099 Due Dates

1099 forms are tax documents used to report different types of Payments beyond wages or salaries. Businesses, banks, and other entities issue these forms to report payments made to independent contractors, freelancers, landlords, and others. These forms help the IRS track taxable income and ensure it is reported on tax returns.

Here’s what you need to know about 1099 forms:

• A 1099 form is generally required when $600 or more payments are made to an individual or business in a calendar year.
• Common types of 1099 forms include:
• 1099-NEC – Reports payments of $600 or more to independent contractors and freelancers.
• 1099-MISC – Reports miscellaneous income, including rent, prizes, awards, and healthcare payments.
• 1099-INT – Reports interest income from banks, credit unions, and financial institutions.
• 1099-DIV – Reports dividends and capital gains distributions from stocks and mutual funds.
• 1099-K – Reports payments received through third-party platforms.
• 1099-R – Reports distributions from pensions, annuities, IRAs, and other retirement plans.

IRS 1099 Forms: Important Deadlines for Filing 1099s

What Happens If You File Incorrect 1099 Forms?

Even if you file on time, you could still face penalties if the information is incorrect.

• If you identify any errors in your previously submitted form 1099, you must file an
  1099 correction immediately.
• Incorrect or missing TINs may trigger backup withholding, requiring 24% of future payments to be withheld until corrected.
• If the errors are not corrected within the allowed timeframe, penalties of up to $340 per form may apply.

1099 State Filing Due Dates

Each state has its own due dates for filing 1099 forms, which may differ from the federal deadline. While many states follow the federal January 31 deadline (especially for Form 1099-NEC), some states extend e-filing deadlines to March 31 (like MISC, INT, DIV, etc.) or unique filing requirements, especially for paper filings.

Combined Federal/State Filing (CFSF)

Certain states participate in the Combined Federal/State Filing (CFSF) Program, allowing the IRS to automatically share your 1099-NEC, 1099-MISC, 1099-INT, 1099-DIV, and 1099-R forms with participating states.

The table below lists the codes for states participating in the CF/SF Program.

*For more details, refer to our 1099 State Filing Requirements.

States without filing requirements

Not every state mandate separate filing for 1099 forms such as 1099-MISC, 1099-NEC, and 1099-INT. If you’re operating in one of these states, you don’t have to worry about submitting your 1099s at the state level—your federal filing is enough.

Extensions for Filing 1099 Forms

If you need more time to file your 1099 series information return, the IRS grants a 30-day automatic extension by submitting Form 8809 before the original deadline. This extension applies only to filing, not to any payments due. To avoid last-minute issues, file early and consider e-filing for faster processing.

Penalties for Late 1099 Filing

Missing the deadline or making mistakes when filing 1099 forms can result in IRS penalties under Section 6721 of the Internal Revenue Code. The penalty amount varies based on how late the correction is made and whether the error was intentional. Filing on time and ensuring accuracy can help businesses avoid unnecessary fines.

How to Avoid 1099 Filing Penalties

To avoid late filing penalties and errors:

• File before the deadline – 1099-NEC is due January 31, while most other 1099s are due March 31 (E-filing).
• E-file instead of paper filing – E-filing is faster and reduces the chances of mistakes.
• Double-check recipient details – Verify names, TINs, and payment amounts before submitting.