Q:

What time of year are 1099 forms typically due?

A:

Quick Answer

The 1099 tax forms are typically due throughout the year on a quarterly program with estimated taxes due April 15, June 15, September 15 and January 15, according to TurboTax. Many people make the mistake of withholding taxed income that will be reported on a 1099 form or will be earned as miscellaneous income.

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Full Answer

For those people who try to pay the IRS in one sum each year, the penalties can be severe, notes TurboTax and Forbes. It is also important for taxpayers to recognize that the 1099 form does not only mean that federal taxes must be paid, but the taxes owed to the state must also be paid.

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