New 1099 instructions are out: What you need to know
IRS is making year-end a little easier to prep for this time around. Final 1099 instructions are already out.
The Service wants you to know about two changes.
First, the new deadlines we’ve been telling you about. As a reminder:
- Forms 1099-MISC are due by Jan. 31, 2017 when you have amounts marked in Box 7.
- Other Forms 1099-MISC can be submitted Feb. 28 if done on paper, and March 31 if done electronically.
IRS also announced two small exceptions, one for compensation for disability or survivor’s benefits for public safety officers, and the other for compensation for wrongful incarceration.
Never too early to prep
Now that instructions are out, get your team together to comb through and refresh yourselves on 1099 requirements.
Make a list of anything that stands out or that’ll have a major impact.
- Share on
Free Training & Resources
White Papers
Provided by Anaplan
White Papers
Provided by Personify Health
Further Reading
Pay transparency has been a dominant legislative theme in 2025 — and three new updates in the final stretch of the year reinforce it ...
If a poll of attendees of a recent IOFM webinar is any indication, it’s going to be a very busy Form 1099 reporting season in 2024 fo...
A new joint employer rule is on the table. The DOL’s proposed standard could determine when your organization shares liability with a...
Time to update your systems: SSA has announced the 2026 Social Security taxable wage base. Next year’s number will increase to $184,50...
As senior leaders in the company, you and your peers are probably pretty confident in handling most issues that come up in the workplace.&n...
A recent appellate court decision in Ohio should catch the attention of any business leader managing workforce risk. In Shephard v. Cro...
