Tag Archives: 1099s

Is It January 9th Yet?

Posted on January 20, 2023 by Russ

Last year, the IRS announced a new system for efiling 1099s (and other information returns) called IRIS.  This system would be available for both professionals and individuals (and businesses) to efile 1099s.  The system was supposed to be available on … Continue reading →

Posted in Information Returns, IRS | Tagged | Comments Off on Is It January 9th Yet?

It’s Time to Generate 2021 1099s

Posted on January 4, 2022 by Russ

It’s time for businesses to send out their annual information returns. These are the Form 1099s that are sent to to vendors when required. Let’s look first at who does not have to receive 1099s: Corporations (except attorneys) Entities you … Continue reading →

Posted in Information Returns, IRS | Tagged | Comments Off on It’s Time to Generate 2021 1099s

It’s Time to Generate Those 2018 1099s

Posted on January 15, 2019 by Russ

It’s time for businesses to send out their annual information returns. These are the Form 1099s that are sent to to vendors when required. Let’s look first at who does not have to receive 1099s: Corporations (except attorneys) Entities you … Continue reading →

Posted in Information Returns, IRS | Tagged , | Comments Off on It’s Time to Generate Those 2018 1099s

It’s One 1099 Per Person, Or the Most Stupid and Hilarious Thing I’ve Seen in Some Time

Posted on September 29, 2017 by Russ

One of my clients, Barri Brown (all names in this post are fictitious), was missing a 1099 issued by one of the two large Daily Fantasy Sports (DFS) companies. It didn’t show on her Wage & Income Transcript, so she … Continue reading →

Posted in Gambling, Information Returns | Tagged , | 1 Comment

2017 Mailbag #2: The Case of the Deliberately Wrong 1099

Posted on January 29, 2017 by Russ

Our second mailbag post deals with an issue I’ve reported on before: an incorrect information return. Once again, there’s a twist. In 2015 I did some consulting for them and was paid $10,000; I received a 2015 Form 1099-MISC that … Continue reading →

Posted in IRS | Tagged | Comments Off on 2017 Mailbag #2: The Case of the Deliberately Wrong 1099

On 1099 Due Dates in 2017

Posted on October 4, 2016 by Russ

You may have heard that Form 1099-MISC’s must be filed earlier next year. That’s true, but it only impacts some of the 1099s. Let’s look at the IRS instructions: New filing date. Public Law 114-113, Division Q, section 201, requires … Continue reading →

Posted in IRS | Tagged , | Comments Off on On 1099 Due Dates in 2017

1099 Time for 2016

Posted on January 10, 2016 by Russ

It’s time for businesses to send out their annual information returns. These are the Form 1099s that are sent to to vendors when required. Let’s look first at who does not have to receive 1099s: Corporations (except attorneys) Entities you … Continue reading →

Posted in IRS | Tagged | 2 Comments

The Tax Court Looks for $1,410 in Dividends

Posted on January 7, 2015 by Russ

Today I generated my first 1099s for clients. The Tax Court looked at a case where the petitioners said they didn’t receive three $470 dividends. The issuer said they sent the checks and a Form 1099-DIV. Who was right? In … Continue reading →

Posted in Tax Court | Tagged | 1 Comment

1099 Time (2015 Version)

Posted on January 3, 2015 by Russ

As we start 2015, we’re running some repeats of important issues. It’s time for businesses to send out their annual information returns. These are the Form 1099s that are sent to to vendors when required. Let’s look first at who … Continue reading →

Posted in Gambling, IRS | Tagged | 1 Comment

It’s Only $1,300; Do You Really Have To Send Me the 1099?

Posted on January 26, 2014 by Russ

The deadline for mailing 1099s to recipients is this coming Friday, January 31st. That’s a postmark deadline. If you mail a 1099 on Friday and it takes two weeks to get to the recipient, that’s not a problem. (Well, it … Continue reading →

Posted in IRS | Tagged , | 1 Comment