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New filing date for IRS Form 1099-MISC

IRS Form 1099-MISC is Miscellaneous Income. IRS Form 1099-MISC is most commonly used by payers to report payments made in the course of a trade or business to others for services.

Starting January 1, 2017 (tax year 2016), you must print, mail Copy B to the recipients and paper and/or electronically file 1099-MISC by January 31, 2017 if you are reporting non-employee compensation payments in Box 7.  If you are reporting data in any other box other than Box 7, you can paper file by February 28 or electronically file by March 31 which are the original due dates.  You still have to print and mail Copy by January 31.

These new dates were passed in Public Law 114-113, Division Q, Section 201 which is listed below:

SEC. 201. MODIFICATION OF FILING DATES OF RETURNS AND STATEMENTS RELATING TO EMPLOYEE WAGE INFORMATION AND NONEMPLOYEE COMPENSATION TO IMPROVE COMPLIANCE.
(c) RETURNS AND STATEMENTS RELATING TO EMPLOYEE WAGE INFORMATION AND NONEMPLOYEE COMPENSATION.—Forms W–2 and W–3 and any returns or statements required by the Secretary to report nonemployee compensation shall be filed on or before January 31 of the year following the calendar year to which such returns relate.

If you utilize Box 7 Non-Employee Compensation, you have to be aware of this change and be ready this January.

1099FIRE can help.  We can import, print, mail and efile on or before the January 31, 2017 deadline. Email (info@1099fire.com) or call our sales office at (480) 460-9311 for more information on how we can help you meet this new deadline.

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Erich J. Ruth

Erich J. Ruth provides technical support for National Software which is the parent company for 1099FIRE. 1099FIRE develops and markets a comprehensive range of products that enables any size of business or institution to effectively manage and comply with year-end filing requirements. 1099FIRE is an employee-owned company located in Phoenix, Arizona.

If you have any questions or comments about our software, feel free to contact us at any time.

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