Q:

When do 1099s have to be mailed?

A:

Quick Answer

The 1099 form, which is issued to any person that a business issues more than $600 in income payments to within a year, must be postmarked and mailed by January 31 of the following year. The standard form is known as the 1099-MISC, and it is printed in triplicate by the IRS. This means that it must be ordered from the IRS or picked up at an approved outlet.

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Full Answer

After mailing the1099 form to vendors who performed work, a business owner must also send the transmittal form 1096 to the IRS on or before a postmark date of February 28. That deadline is extended for tax professionals filing on the behalf of a business, as long as proper procedures are followed. Some states also require a 1099-MISC form filing in addition to sending it to the IRS.

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