Please note that IRS moved the deadline to file 1099 Forms with the IRS for Qualifying Payee’s that received Nonemployee Compensation in excess of $600 from your company during the 2016 calendar year from March 31st to January 31st of 2017. This includes freelancers, consultants, and other service providers.
A Qualifying Payee is:
A Qualifying Payee is not:
Please note that this deadline change only affects Nonemployee Compensation reported on 1099-MISC. It does not effect the deadline for reporting rents, other income (such as prizes, no-fault settlement income, or other miscellaneous payouts not for services rendered).
We are available to consult with you regarding 1099 Filing.