Who needs to file a 1099 form?

A 1099 form reports most types of non-employment income to the IRS and state tax agencies. The person or entity making the payment must file a 1099 form. The payment recipient will receive copies to use when preparing their tax return.

What is the deadline for filing 1099 forms?

Generally, if the organization pays at least $600 during the year to a non-employee for services (including parts and materials) performed in the course of the organization’s business, it must furnish a Form 1099-MISC, Miscellaneous Income to that person by January 31 of the following year.

What is the purpose of 1099 forms?

A 1099 form is a record that an entity or person other than your employer gave or paid you money. The payer fills out the 1099 form and sends copies to you and the IRS. There are several kinds of 1099 forms.