{"id":25,"date":"2016-10-03T03:41:00","date_gmt":"2016-10-03T03:41:00","guid":{"rendered":"\/irs-form-1099\/post\/2016\/10\/03\/1099-forms-and-1099-misc-deadline-for-2016-to-2017.aspx"},"modified":"2024-03-13T10:06:14","modified_gmt":"2024-03-13T10:06:14","slug":"1099-forms-and-1099-misc-deadline-for-2016-2017","status":"publish","type":"post","link":"https:\/\/www.tax2efile.com\/blog\/1099-forms-and-1099-misc-deadline-for-2016-2017\/","title":{"rendered":"1099 Form and 1099-MISC Deadline for 2016 to 2017"},"content":{"rendered":"\n<p><span style=\"font-family: 'times new roman', times; font-size: medium;\"><a href=\"https:\/\/www.tax2efile.com\/efile-1099-form\">1099 forms<\/a> are related to tax where they are used for reporting various types of payments. &nbsp;They have certain due dates, after which, they can lead to some severe penalty. These forms are tax documents which are used for reporting some kinds of payments, which are made by financial institutions as well as others, making payments part of their business or trade as per IRS Regulations.<\/span><\/p>\n\n\n\n<p><span style=\"font-family: 'times new roman', times; font-size: medium;\">This 1099 filing can be done in two ways. Firstly they can be done manually. Secondly, 1099 filing can be done electronically through the Filing Information Returns Electronically system (FIRE). \u00a0These are series of documents which the Internal Revenue Service (IRS) refers by the name of \u201cinformation returns\u201d. There are <a href=\"https:\/\/www.tax2efile.com\/efile-1099-form\">various 1099 forms<\/a> which report the different types of income one may receive the whole year, other than the salary paid by the employer. The entity or the person who makes the payment is responsible for filling out this form and then send it by the 31st of January.<\/span><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\r\n<div class=\"ez-toc-title-container\">\r\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\r\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\r\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www.tax2efile.com\/blog\/1099-forms-and-1099-misc-deadline-for-2016-2017\/#Use_of_1099_Forms\" >Use of 1099 Forms<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www.tax2efile.com\/blog\/1099-forms-and-1099-misc-deadline-for-2016-2017\/#1099_Form_and_1099-MISC_Deadline_for_2016\" >1099 Form and 1099-MISC Deadline for 2016<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www.tax2efile.com\/blog\/1099-forms-and-1099-misc-deadline-for-2016-2017\/#Deadline_for_1099-MISC\" >Deadline for 1099-MISC<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\r\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Use_of_1099_Forms\"><\/span><span style=\"font-family: 'times new roman', times; font-size: medium;\"><strong>Use of 1099 Forms<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><span style=\"font-family: 'times new roman', times; font-size: medium;\"><strong>Independent contractor income<\/strong> \u2013 If someone is working and receiving salary or getting wages, then their employer report their annual earnings on Form W-2 at the year end. However, if someone is an independent contractor or is self-employed, then they will receive an IRS 1099 form from each client who has paid them a specific amount during the financial year. The process for paying 1099-MISC form online is very easy. They are paid electronically through FIRE system. Paying <a href=\"https:\/\/www.tax2efile.com\/efile-1099-form\/efile-form-1099-misc\">1099-MISC form online<\/a> is a good option, as it enables people to process them fast.<\/span><\/p>\n\n\n\n<p><span style=\"font-family: 'times new roman', times; font-size: medium;\"><strong>Interest and dividend<\/strong> \u2013 If someone owns collection mutual fund or stock investments, they will receive an IRS 1099 form for reporting dividends and other incomes from this source. They are not same as the income from the sale of stocks. Rather it is the payment given to shareholders from the profits of the corporation.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1099_Form_and_1099-MISC_Deadline_for_2016\"><\/span><span style=\"font-family: 'times new roman', times; font-size: medium;\"><strong>1099 Form and 1099-MISC Deadline for 2016<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span style=\"font-family: 'times new roman', times; font-size: medium;\"><strong>Deadline for 1099 Form<\/strong><\/span><\/p>\n\n\n\n<p><span style=\"font-family: 'times new roman', times; font-size: medium;\">The 1099 filing deadline is extended up to the 16th of February of 2017. However, there has been a new 1099 filing deadline. They must be filed on or before the 31st of January of 2017. If someone who does not meet the deadline, has to face severe penalties for it. If someone is unable to meet the deadline for filing 1099, then they can face penalties. Also, if one is not able to provide reasonable excuses for not meeting the deadline for filing 1099, then they will have to face penalties.<\/span><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Deadline_for_1099-MISC\"><\/span><span style=\"font-family: 'times new roman', times; font-size: medium;\"><strong>Deadline for 1099-MISC<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><span style=\"font-family: 'times new roman', times; font-size: medium;\">The 1099 deadline 2017 states, 1st February as the deadline for 1099-MISC. The 1099 deadline 2017 includes March 31 as the deadline for transferring them electronically. Penalties for a deadline varies. For instance, there are different penalties for failing to file at the correct time, an inclusion of incorrect information.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>1099 forms are related to tax where they are used for reporting various types of payments. &nbsp;They have certain due dates, after which, they can lead to some severe penalty. These forms are tax documents which are used for reporting some kinds of payments, which are made by financial institutions as well as others, making [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[],"class_list":["post-25","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-file-1099"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/posts\/25","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/comments?post=25"}],"version-history":[{"count":0,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/posts\/25\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/media\/817"}],"wp:attachment":[{"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/media?parent=25"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/categories?post=25"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tax2efile.com\/blog\/wp-json\/wp\/v2\/tags?post=25"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}