When must 1099s be mailed

The deadline for mailing 1099 forms to recipients and filing them with the IRS depends on the type of 1099 form and the type of payment being reported. Here are the general guidelines:

Non-Employee Compensation (1099-MISC)

• The deadline for mailing 1099-MISC forms to recipients is January 31st of each year.
• The deadline for filing 1099-MISC forms with the IRS is February 28th (March 31st if filing electronically) of each year.

Interest, Dividends, and Capital Gains (1099-INT, 1099-DIV, 1099-B)

• The deadline for mailing 1099-INT, 1099-DIV, and 1099-B forms to recipients is January 31st of each year.
• The deadline for filing these forms with the IRS is February 28th (March 31st if filing electronically) of each year.

Other 1099 Forms

• 1099-R (Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.): January 31st for mailing to recipients, April 15th for filing with the IRS.
• 1099-K (Payment Card and Third-Party Network Transactions): January 31st for mailing to recipients, March 31st for filing with the IRS.
• 1099-B (Proceeds from Broker and Barter Exchange Transactions): January 31st for mailing to recipients, February 28th (March 31st if filing electronically) for filing with the IRS.

Important Notes

• The IRS requires that 1099 forms be mailed to recipients by January 31st of each year, regardless of whether the recipient is an individual or a business.
• The IRS also requires that 1099 forms be filed electronically if you have more than 250 forms to file.
• If you're unsure about the specific deadlines for your 1099 forms, it's always best to consult with a tax professional or the IRS directly.

Remember to keep accurate records of your 1099 forms, as they may be requested by the IRS or used to verify income for tax purposes.