Additional Non-Profit Services
The CF/SF Program forwards original and corrected information returns filed electronically through the Filing Information Returns Electronically (FIRE) System to participating states free of charge for approved filers, eliminating separate reporting to the participating states. The information returns that may be filed with the CF/SF Program are:
Proceeds from Broker and Barter Exchange Transactions
Report interest for tax-exempt PBBET
Payment Card and Third Party Network Transactions
For PSE to report payments made in settlement of reportable payment transactions
Taxable Distributions Received From Cooperatives
For cooperatives to report payment(s) of $10 or more in section 6044(b) distributions or backup withholdings
Report dividends and other distributions to taxpayers and to the IRS
Report payment made in the course of your trade or business for miscellaneous activities
Distributions From Pensions, Annuities, Retirement IRAs, or Insurance Contracts
Report the designated distribution of $10 or more to retirement plans, IRS, pensions, etc.
Certain Government Payments
For federa/stat/local fovernment to report payment of unempoyment, tax refunds, RTAA payment, grants, etc.
None Employee compensation
Report payment to independent contractors related to your trade or business
Report only interest payments made in the course of your trade or business including federal, state, and local government agencies
Original Issue Discount
Report Report interest that is tax-exempt OID
And Form 5498.
Due Dates related to 1099/1098 differ between each form and whether filing by paper or electronically, and between reporting to IRS and providing copies to recipients listed on the 1099 form. Below is a table of the annual due dates for all 1099/1098 forms. If the due date falls on a weekend or holiday during the tax year it is extended to the earliest business day.
Note: If the due date/deadline falls on a Saturday, Sunday, or federal holiday, the filer will need to E-file on the next business day.
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