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If you file paper copies of Form 1099, you will also have to file Form 1096. Among the benefits of filing Form 1099 electronically is the absence of this requirement. ... You need to fill out Form ...
$10 or more for refunds and unemployment ($10,200 unemployment compensation paid in 2020 exempt with MAGI under $150,000) Jan. 31. Feb. 28 (paper filing) ... Form 1099-PATR, Taxable Distributions ...
Form 1099 is also used to report interest (1099-INT), dividends (1099-DIV), sales proceeds (1099-B) and some kinds of miscellaneous income (1099-MISC). Blank 1099 forms and the related instructions can be downloaded from the IRS website.
Variants for Form 1099. As of 2020, several versions of Form 1099 are used, depending on the nature of the income transaction: 1099-A: Acquisition or Abandonment of Secured Property; 1099-B: Proceeds from Broker and Barter Exchange Transactions; 1099-C: Cancellation of Debt; 1099-CAP: Changes in Corporate Control and Capital Structure
Prior to 2020, the use of a third party was required for IRS e-file, and it was not possible to e-file directly through the IRS website. [4] In 2020, the IRS made direct e-filing possible through IRS Free File Fillable Forms available to taxpayers of any income level.
Form 1099-NEC replaces 1099-MISC as the form used to report independent contractor income. If you paid an independent contract $600 or more, you’ll need to file one.