Advantages of Filing Form 1099-MISC Online With 123PayStubs
Here are some of the best benefits you’ll get when you choose to e-file Form 1099-MISC through 123PayStubs.
Instant Filing Status
You’ll be notified of your return status by email as soon as the IRS processes your return.
Mail Recipient Copies
Choose our postal mailing option for us to send copies of Form 1099-MISC to your recipients on your behalf.
We will validate your tax returns against the IRS business rules in order to reduce the chances of IRS rejection.
We’ll auto-generate your Form 1096 while you file Form 1099-MISC with us, and you can keep it for your records.
What Information is Needed to File Form 1099-MISC Online?
Below is the required information to file Form 1099-MISC online:
- 1. Payer Details: Name, EIN, and Address
- 2. Recipient Details: Name, EIN/SSN, and Address
- 3. Federal Filing Details: Miscellaneous Income and Federal Tax Withheld (if any)
- 4. State Filing Details: State Income, Payer State Number, and State Tax Withheld
Have these details ready? Start filing your Form 1099-MISC in minutes.
Frequently Asked Questions on Form 1099-MISC
What is IRS Form 1099-MISC?
Form 1099-MISC is filed by payers who made miscellaneous payments to independent contractors. Payers should report the miscellaneous payments, such as rent, fishing boat proceeds, medical and health care payments, prizes, and awards, made to independent contractors.
Ready to file Form 1099-MISC online? Click here to file the return in minutes using 123PayStubs.
When is the deadline to file Form 1099-MISC?
The copy of Form 1099-MISC must be sent to recipients on or before January 31, 2023. If you’re filing on paper, the due date is February 28, 2023; however, if you choose to file electronically, as recommended by the IRS, the deadline is March 31, 2023.
Are there any late filing penalties for Form 1099-MISC?
The IRS will impose penalties under Section 6721 for Form 1099-MISC due to:
- late filing
- filing a 1099 paper form that's not machine-readable
- Using the form for the wrong year
- Not using the right copy of Form 1099-MISC
- Filing with incorrect or missing TIN or reporting incorrect information
If you file Form 1099-MISC within 30 days or less after the due date, the penalty is $50 per form and it will increase up to $100 per form if it exceeds 30 days.