Form 1099 - What's New?
New filing date. Form 1099-MISC is now required 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. There is no change to due dates for recipient copies.
Not ready to e-file? That's okay! If you don’t have all of your recipient or payer info you can still use Eagle View and save your entries in your account.
W-2 Filing Deadline Change
- 2016 forms must be filed with the SSA by January 31, 2017 regardless if using paper or filing online.
- Previous e-file date was March 31.
W-2 Extensions - What's New?
- Extensions to file with the SSA are no longer automatic.
- For filings due on or after January 1, 2017, one 30-day extension may be requested.
- Application Form 8809 must be used, including a detailed explanation on why additional time is needed.
- IRS only will grant extension in cases of extraordinary circumstances or catastrophe.
- This does not affect extensions to furnish W-2 forms to employees.
1095 (ACA) Deadlines
- NEW! March 2nd deadline to supply employees with 1095-B and 1095-C
- February 28th deadline to file forms 1095-B and 1095-C with the IRS
- March 31st deadline to submit forms 1095-B and 1095-C to the IRS if filing electronically
Due date for certain statements sent to recipients. The due date for furnishing statements to recipients for Forms 1099-B, 1099-S, and 1099-MISC (if amounts are reported in box 8 or 14) is February 15, 2017. This also applies to statements furnished as part of a consolidated reporting statement. See the Guide to Information Returns for due dates for all returns.
Printing and Mailing Deadline
In order for us to print and guarantee mailing your forms by the January 31st deadline, you must complete your order no later than Midnight (PST) January 30th. Orders placed after Midnight (PST) January 30th are not guaranteed to be printed and/or mailed by the January 31st deadline.
IRS Filing Deadline
See news for new 1099-MISC filing deadline, otherwise your order must be placed no later than Midnight PST March 31st to guarantee e-filing by the IRS April 1st deadline. When filing by mail orders must be placed by February 28th.
New Form Types Added
1099-QA, and 5498-QA have been added for able accounts in 2016.
Support for SSN Masking
IRS Notice 2009-93 allows filers to mask Social Security Numbers on paper payee statements. We are pleased to announce that SSN Masking will be incorporated into its service.
The SSN Masking feature prevents companies from exposing themselves to unnecessary risks and liability. With the IRS's approval of SSN Masking, the responsibility to protect the security and identity of recipients now falls onto the companies that send out statements that include social security numbers. IRS Notice 2009-93: Truncating Social Security Numbers on Paper Payee Statements
There are 3 requirements that must be satisfied in order for a filer to mask TINs:
- The identifying number is a social security number, IRS individual taxpayer identification number, or IRS adoption taxpayer identification number.
- The identifying number is truncated by replacing the first five digits of the nine-digit number with asterisks or Xs (for example, a social security number 123-45-6789 would appear on the paper payee statement as ***-**-6789 or XXX-XX-6789).
- The truncated identifying number appears on a paper payee statement (including substitute and composite substitute statements) in the Form 1098 series, Form 1099 series, or Form 5498 series for calendar year 2009 or 2010.
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