Can extensions be granted for mailing 1099's

Yes, the IRS can grant extensions for filing Form 1099-MISC, Miscellaneous Income, and other information returns. Here are the details:

Automatic Extension: The IRS grants an automatic 30-day extension for filing Form 1099-MISC and other information returns, including Form W-2, Wage and Tax Statement, and Form 1098, Mortgage Interest Statement. This extension is granted if you file by the extended due date, which is March 31st of the following year for calendar-year filers.

Form 8809: If you need more time to file, you can request an additional extension using Form 8809, Application for Extension of Time To File Information Returns. You can file Form 8809 electronically or by paper. The form requires you to provide a reason for the extension request and specify the new filing date.

Extension Period: The IRS can grant an extension of up to 60 days, but not more than 120 days, from the original due date. The extension period starts from the original due date, not from the date you file Form 8809.

Penalties: If you fail to file Form 1099-MISC or other information returns by the extended due date, you may be subject to penalties. The penalty for late filing is $50 per return, with a maximum penalty of $250,000 per year. If you have a reasonable cause for the delay, you may be able to avoid the penalty.

Electronic Filing: If you're required to file Form 1099-MISC electronically, you'll need to file by the original due date, January 31st. The IRS offers an automatic extension for electronic filing, but you'll need to file by the extended due date, March 31st.

Tips and Reminders:

Remember to file your Form 1099-MISC and other information returns accurately and on time to avoid penalties and ensure compliance with IRS regulations.