Any person engaged in a trade or business, including a corporation, partnership, individual, estate, and trust, who makes reportable transactions during the calendar year, must file information returns to report those transactions to the IRS. By January 31st of the year following the tax year, file Form 1099, Miscellaneous Income, with Form 1096, Annual Summary and Transmittal of U.S. Information Returns, when you’re reporting non-employee compensation payments in box 7. This due date applies whether you file (Copy A) Form 1099, Miscellaneous Income with the IRS on paper or electronically. See IRS Publication 1220 for help in electronically filing Forms 1099. By February 28th of the year following the tax year, file paper Form 1099, other than those with entries in box 7 (see By January 31 above). By March 31st of the year following the tax year, file electronic Form 1099, other than those with entries in box 7 (see By January 31 above). Am I Required to File a Form 1099 or Other Information Return? If you made or received a payment during the calendar year as a small business or self-employed (individual), you are most likely required to file an information return to the IRS. A Guide to Information Returns The most common payments reported on each form are found on this page. Filing Information Returns Electronically (FIRE) The following information returns can be filed electronically: Forms 1042-S, 1097, 1098, 1099, 3921, 3922, 5498, 8027, 8935, 8955-SSA, and W-2G. Online Ordering for Information Returns and Employer Returns Place your order for information returns and employer products. Third Party Reporting Information Center – Information Documents The IRS uses third-party information reporting on forms in the 1099 series to increase voluntary compliance and improve collections. Information Return Reporting for Federal Agencies Federal agencies are generally subject to information reporting requirements and must file information returns for each calendar year with respect to applicable payments made during the year in the course of its trade or business. Information Return Reporting for State and Local Governments Government entities are generally subject to information reporting requirements and must file information returns for each calendar year with respect to applicable payments made during the year in the course of its trade or business. Information Reporting – Indian Tribal Governments This page provides information on information reporting for Indian Tribal Governments.
