IRS Form 1099-MISC, The Miscellaneous Income Reporting Form is provided by employers to contact workers (non-employers) to report payments made during the previous year. Form 1099-MISC also gives the IRS information to verify your contactors income tax return. Here is how to successfully file your IRS 1099-MISC and 1096 Forms.
How to Successfully File Your IRS 1099-MISC and 1096 Forms
When is Form 1099-MISC Due?
As of 2016, 1099-MISC Forms must be filed with the IRS by January 31st. This change was implemented to reduce tax fraud. You must provide 1099-MISC Forms to all “non-employees’ no later than January 31, with information pertaining to the previous fiscal year.
All 1099-MISC Forms paper filed must include a transmittal Form 1096.
What is Form 1096?
Transmittal Form 1096 is a summary of the information found on all 1099-MISC Forms filed. Again, we feel the need to mention that Form 1096 must be included when paper filing with the IRS. If you paper file and fail to include this form your submission will be rejected, and you will incur a penalty.
You, the employer, will need to submit a separate 1096 for each type of 1099 series return you transmit.
Do I Need to File a Form 1096 When E-Filing?
1096 Forms are not required if you choose to e-file your 1099-MISC Forms with the IRS. You can directly e-file your 1099-MISC Forms today using ExpressEfile.
As an IRS-authorized e-file provider, we meet strict security guidelines and use secure encryption technology to protect your tax and business information. Plus, upgrading from paper-filing to e-filing is just $0.99 per form, and our tax software helps you avoid mistakes by automatically checking for errors.
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