When are 1099s due? 1099-NEC, 1099-MISC and additional forms.

• Date: 01 December 2022

Not all businesses will need to file 1099 forms. However, for those that do, it's important to meet the IRS deadlines, whether paper filing or e-filing. Not doing so and failing to file for extensions will land you fines and draw unwanted attention. The due date for 1099s will vary based on the form you need to use and how you file. The Internal Revenue Service has set different dates for many forms based on whether you use traditional paper or electronic filing.

Let's look at what forms you may need to file and when the due dates are for tax year 2022. As a reminder, the previous tax year's forms are due in the following calendar year, so the following dates will fall in 2023.

What are 1099s used for?

As a reminder, 1099 forms are used for non-employee compensation. For most businesses, this will apply to freelancers, independent contractors and others who work for you but are not primarily employed by you. Compensation paid to your employees is handled on Forms W-2.

Common 1099 forms and due dates

First, we'll look at the most common 1099 forms.

Form 1099-NEC

Form 1099-NEC was a new form...