What Is the 1099 Misc Filing Deadline and What Should I Do?
The 1099 misc filing deadline 2022 is March 15th and it’s approaching fast. If you haven’t completed your 1099 misc form 2022 yet, it’s time to finish them and file them with the IRS by the required date. Are you wondering what the 1099 misc 2022 form even means?
A Quick Note on Deciding When to File
The deadline for filing your 1099s is typically January 31, though it can be as early as January 15 or as late as February 28 depending on your accounting needs or 1099 misc instructions.
If you’re not sure when to file, check with your accountant but don’t go too far past that 1099 misc filing deadline of 2022!
- There are stiff penalties for late-filed forms or 1099 misc form 2022. The IRS will charge you a $50 fine/form plus interest at a rate of 1% per month on top of any other penalties they assess.
- That means if you miss just one form or 1099 misc form 2022, you could end up paying hundreds in fines. So make sure to keep an eye on your 1099 Misc Filing Deadline and plan ahead accordingly.
While the government gives you some time to file and deliver Form 1099, the penalties for late or non-delivery are very severe. Make sure you always keep a backup for your tax documents.
Growing your small business can be exciting, but it can also be pretty stressful from time to time. If you hire an independent contractor or freelancer to help with your business, you’ll need to file the 1099-MISC form with the IRS at the end of the year in order to report payments made to that individual or business during the tax year (January 1–December 31). In this article everything you need to know about the 1099-MISC filing deadline and what to do if you haven’t filed by now.