1099s Due February 1, 2021 – Guidelines

Who Must Receive A 1099?

  • You Must Provide 1099s to Vendors & Contractors that you have paid $600 or more
  • Corporations are the exception – There is no requirement to provide 1099s to corporations

What Information is Needed to File a 1099?

  • Name of Person or Entity Receiving Payment
  • Social Security or EIN Numbers
  • Address
  • Total Paid in 2020

What Happens If I File a Late 1099?

  1. $50 per 1099, if you file within 30 days of due date
  2. $110 per 1099, if you file more than 30 days after the due date but by August 1st
  3. $280 per 1099, if you file after August 1st

Please contact us immediately if you are in need of getting these forms prepared and electronically filed by the due date. 

If you need your W2s processed, we can also accommodate!

Schedule an appointment https://calendly.com/rtw-calendar
(Right click this link and select Open Link)

PLEASE NOTE:  We must have your 1099 information by January 25th in order to meet the Feb. 1st. deadline.  We will accept information after that date, but can not guarantee that information received after Jan. 25th will be processed in time to meet the Feb. 1st, 2021 deadline.

Should IRS extend the deadline we will provide notification!