2017 Form 1099-MISC with Non-Employee Compensation is due January 31st.

If you made payments to anyone (not including corporations) of $600 or more for services, you are required to file and issue a Form 1099-MISC.

When is the filing deadline?

The deadline to file 2017 1099-MISC forms with amounts in Box 7, Non Employee Compensation or "NEC" is January 31st, 2018. A copy must also be received by the recipient on this day. 

Step 1: Gather the information for each independent contractor

  • Legal Name

  • Current Address

  • Social Security or Tax Identification Number (For non-resident/resident aliens)

  • Amount paid for the tax year

The W-9 form is most commonly used to gather this information from your independent contractor. You should collect one of these from anyone you do business with as a first step.

Step 2: Fill out the 1099-MISC

Use the information to fill out the 2017 Form 1099-MISC. You will need to fill out all the copies provided in the pdf.

Step 3a: Send paper copies

Staples or any other office supply store should have these in stock if you’re the pen and paper type of person.

  • Copy A - Submit to the IRS via certified mail

  • Copy 1 - Submit to state tax authority if your state has filing requirements.

  • Copy B & Copy 2 - Send both to your independent contractor. 

  • Copy C - Retain for your records

OR

Step 3b: Use an e-file provider

  • Efile4biz - a W-2 & 1099 e-file provider, depending on the number of filings, costs are at most, $4/form.

  • Gusto  is a popular payroll provider who helps with 1099-MISC filings whether you paid contractors through their service or not.

Want to know more?

Check out our previous “Form 1099-MISC” post on everything you need to know about the form and the penalties associated with failure to file.

Do you need someone to walk you through the process? Simply email us and we’d love to help!

Anne Chan