Taxpayer dislike getting 1099-MISC for 2016. Organizations dislike sending them out. Truth be told, maybe nobody likes 1099-MISC for 2016 aside from the IRS. The duty office adores them since they effortlessly permit the coordinating of information against government forms. Here are key certainties you have to think about 1099-MISC for 2016. By and large, organizations must issue the structures to any payee (other than an enterprise) who gets $600 or all the more during the year. What's more, that is recently the fundamental edge lead; there are numerous, numerous exemptions.
This 1099-MISC for 2016 data will be reported to the IRS in view of your Social Security number paying little heed to whether you get the 1099-MISC for 2016. Update your address specifically with payers, and in addition putting a sending request in with the U.S. Post Office. You'll need to perceive any structures the IRS sees. Any 1099-MISC for 2016 sent to you goes to the IRS as well. The due date is Jan. 31 for mailing 1099-MISC for 2016 to recipients; however the payer (more often than not) has until the finish of February to send all its 1099-MISC for 2016 to the IRS. This year (2017, for 2016 tax year payments), the IRS has anticipated the reporting date for 1099-MISC for 2016 filing non-employee pay in box 7. The reporting (paper or electronic) date to the IRS will now be the same as the due date for the 1099-MISC for 2016 to be issued to recipients, January 31.
This due date applies whether the 1099-MISC for 2016 are reporting electronically or on paper. Previously, filers had an additional month or two in the after issuing the 1099-MISC for 2016 to recipients, yet no more. Note, in any case, that the reporting 1099-MISC for 2016 dates stay unaltered for 1099-MISC for 2016 that don't report in box 7. That implies as a rule there is still an (appreciated) time delay. The time delay implies you may have an opportunity to correct errors.
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