FinanceRegs.com » New deadline for certain 1099s — are you ready?

New deadline for certain 1099s — are you ready?

November 11, 2008 by Carol Katarsky
Posted in: 1099s, Best practices, Communication, IRS regs, In this week's e-newsletter, Internal controls, Latest news & views, Tax compliance

If you’re planning to follow IRS’ deadline of Feb. 17 for filing some 1099s, you’ll be late.

The wrong date was printed in the 2008 General Instructions for filing 1099s, 1098s, etc. The real deadline is Feb. 15. The affected forms are:

  • 1099-B (Proceeds from Broker and Barter Exchange Transactions)
  • 1099-S (proceeds from Real Estate Transactions), and
  • 1099-MISC (Miscellaneous Income). For the 1099-MISC, the 2/15 date applies only if any substitute payments in lieu of dividends and tax-exempt interest, or payments to attorneys are reported on the form. Otherwise, the usual deadlines apply.
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One Response to “New deadline for certain 1099s — are you ready?”

  1. KEVIN HIXON Says:
    February 5th, 2009 at 2:13 pm

    THE 15 IS SUNDAY AND MONDAY IS A HOLIDAY SO HOW CAN THE 17TH BE LATE?

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