1099 IRS Filing Deadlines: 1099-NEC, 1099-MISC & Others

If you paid at least $600 to an independent contractor in 2020, you must  file Form 1099-NEC with the IRS by February 1, 2021 to report nonemployee compensation (NEC). Previously, payments made to independent contractors were reported in box 7 of Form 1099-MISC. 1099-NEC copies are also due to recipients by February 1, 2021. (NOTE: The 1099-NEC IRS filing and recipient copy deadlines are typically January 31, but since it falls on a Sunday in 2021, the due date is pushed to Monday).

The automatic 30-day filing extension does not apply to 1099-NEC. Therefore, you must report nonemployee compensation for 2020 to the IRS and provide recipient copies by February 1, 2021.

Beginning with tax year 2020, 1099-MISC (Miscellaneous Income) is used only to report certain payments made to persons for business-related purposes (excluding nonemployee compensation). Form 1099-MISC, and all other 1099 forms, are due to the IRS by March 1, 2021 if filed on paper, or March 31, 2021 if filed electronically. (NOTE: The 1099-MISC IRS filing and recipient copy deadlines are typically February 28th or 29th, but since it falls on a Sunday in 2021, the due date is pushed to Monday). 

Need more time to file a 1099-MISC? You can file a Form 8809 to request a 30-day extension for 1099-MISC and other forms (except 1099-NEC).

Penalties for late 1099 filings range from $30 - $100/form; penalties for intentionally disregarding the requirement are $250/form. Avoid 1099 filing headaches and penalties Learn more about steps you can take to avoid 1099 filing headaches and penalties.

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Disclaimer: This information is provided as a self-help tool and does not constitute legal or financial advice. Laws, regulations and lending products are changing daily and decisions as to whether or how to use this information and/or what actions to take are solely those of the employer. The providers of this information disclaim any and all responsibility and liability for its accuracy, completeness or fitness for your particular business purposes.