The deadline for 1099 form 2018 has come and gone, but employers can still file this with the IRS. While this form’s due date was January 31, 2019, business owners can technically file these forms at any time. However, the IRS has up to three years to levy penalties against late or incorrect filings. If you still haven’t filed the 1099 form for 2018, and you haven’t been fined by the IRS, you should do so as soon as possible.
Advanced Micro Solutions provides an easy, user-friendly way to file all types of tax and wage forms, including every type of 1099. Our 1099/W-2 Filer centralizes all income filing, while our add-on tools can help users with other aspects of business accounting. Whether you need to file a late 2018 or are looking for ways to prevent late or incorrect filings, AMS has a solution.
What is the Timeline for 1099 Form 2018 Filing?
The deadlines imposed on 1099 forms have not changed much in recent years. In most cases, the form for the previous year is due January 31 of the following year. So, for the 2018 1099 form, the January 31, 2019 was the official deadline. However, filers should note that this is the deadline only if the 1099-MISC has an amount in Box 7. The form filing date for all other types of 1099s, including 1099-MISC forms without a Box 7 figure, is the last day of February. For the 2018 1099 form, that was February 28, 2019
In the years since 2018 filings, the IRS has streamlined this process. Now, there is a specific 1099 form, called 1099-NEC, for Box 7 figures, or “non-employment compensation.” This will hopefully make deadlines a bit clearer for employers. However, if you are filing your 1099 form 2018 now, well after the initial deadline, these due dates don’t apply. They are merely something to keep in mind as moving forward.
Prevent Incorrect and Late 1099 Filing with AMS
We know that filing 1099 forms on time can be difficult, especially for small businesses. While it is important to keep track of all employees and contractors, new and independent businesses can have trouble. Whether you still complete tax and wage filings by hand or are just getting a handle on finances and filing, we can help you out.
The biggest hurdle to on-time 1099 filing is data consolidation. In other words, if you don’t have all employee and contractor information in one place, you will have trouble filling out W-2 and 1099 forms. Our W-2/1099 forms filer can help. Keep employee and contractor data within a single software for ease of filing, then file directly from the program. It may be too late to file 1099 form 2018 on time, but you can ensure an on-time 2020 or 2021 filing with the help of our software.
If you’re still unsure whether this is the product for you, we invite you to take it for a test drive. Our tools are available in the form of free, downloadable demos. This will allow you to experience the user-friendly and intuitive software for yourself. If you have any questions, please call our Sales and Information team at 800-536-1099. We are ready and able to help you out – even if you need help with a 1099 form 2018.