Changes to 1099MISC in 2016

There are 2 minor changes to 1099MISC forms in 2016

 

Changes to 1099MISC forms for 2016 are relatively minor. Learn more at Discount Tax FormsNew Filing Date for 1099MISC when Box 7 is Used

Public Law 114-113, Division Q, section 201, requires Form 1099-MISC to be filed on or before January 31, 2017, when you are reporting nonemployee compensation payments in box 7. Otherwise, file by February 28, 2017, if you file on paper, or by March 31, 2017, if you file electronically.

The due dates for furnishing payee statements remain the same.

 

New exceptions to reporting

P.L. 114-14 (compensation for disability or survivor’s benefits for public safety officers) and P.L. 114-113 (compensation for wrongful incarceration).

 

Official 1099-MISC Instructions for 2016

 

Order 1099MISC Forms

Learn how to efile 1099MISC

 

1099MISC Forms are required for contractors or other non-employees who have received a payment of $600+ in 2016.

Learn more about 1099MISC filing requirements

 


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