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Old 01-29-2012, 12:15 PM
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What are the 1099-Misc Deadline Due Dates for Tax Year 2011?

There are various filing due dates for 1099-Misc. The 1099-Misc filing copies consist of Copy A (the Red Copy that is filed with the IRS) and Copy B which is mailed out to the receipients.

The "Copy B of the 1099-MISC form must be mailed to the recipient by January 31, 2012." The due date is extended to February 15, 2012, if you are reporting payments in boxes 8 or 14.

The "File Copy A of the 1099-MISC form must be filed with the IRS by February 28, 2012."

For Taxpayers that file electronically, the due date is extended to April 2, 2012. In order to file electronically, taxpayers must have software that generates a file according to the specifications in Pub. 1220.

Failure to file Penalty Electronically:
If a taxpayer is required to file electronically but fails to do so, and does not have an approved waiver, the taxpayer may be subject to a penalty of $50 per return for failure to file electronically unless they can establish a reasonable cause.

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