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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.