Heads up for businesses who sent 1099 to their contractors! The due date to file with the IRS is coming up quickly.
Note for e-filers: The due date to electronically file the 1099s is March 31, 2016 and no 1096 is needed!
Congratulations - you sent your 1099s to your independent contractors before the January 31, 2016 due date! BUT you aren’t quite finished until you also send them to the IRS. For paper filers, that means attaching the IRS copies of the 1099s to IRS Form 1096 and mailing them to the IRS by February 29, 2016.
Since there is a one month window between the time you send the forms to your contractors and the time they are due to the IRS, many companies decide to wait a bit in case a form needs to be corrected. However, a simple filing like this can easily drift to the bottom of your ‘to do’ pile. Don’t let the deadline pass you by!