Frequently Asked Questions
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Can I File a 1099 Form for Payments Made to a Foreign Corporation?
The short answer is, sometimes. You may find yourself required to file a 1099 form for specific payments that you made to a foreign corporation. …
Do I Need to Provide a 1099 Form for Payments Made with a Credit Card?
The short answer is, no, you do not. Employers do not prepare 1099-NEC or 1099-MISC forms for any of their credit card business-related payments. The …
Do I Need to Send a 1099 Form for Reimbursements to Employees?
Yes, there are certain instances when employers must send a 1099 form for reimbursements to their employees. Businesses, in general, must issue a 1099 for …
Are There Any Exceptions or Exemptions to Filing 1099 forms?
Yes, the Internal Revenue Service provides certain exemptions for filing 1099 forms for freelance workers. Familiarize yourself with the exceptions before you hire a contractor. …
When to Issue a Corrected 1099
Issue a corrected 1099 form as soon as you notice that you made an error on one. The Internal Revenue Service generally prefers to receive …
When Do You Have to File 1099s Electronically?
Electronic filing deadlines for 1099s depend on the specific type of 1099 form. Your window for e-filing may extend through March 31. File Form 1099-NEC …
When are Corrected 1099s Due?
There is no hard deadline for when you must file your business’s corrected 1099s. Aim to submit amended forms to the Internal Revenue Service within …
When are 940s Due?
File Form 940, the Employer’s Annual Federal Unemployment (FUTA) Tax Return, by January 31. You may find your business eligible for the February 10 deadline …
What Qualifies as a 1099 Employee?
A 1099 employee is someone who is a business owner or contractor that provides services to other businesses. The Internal Revenue Service generally qualifies these …