The IRS 1099 Form is a collection of tax forms documenting different types of payments made by an individual or a business that typically isn’t your employer.

1. SWIPE LEFT
1099 TAX FORM
Everything you need to know
about the 1099 form

2. SWIPE LEFT
WHAT IS THE 1099 TAX FORM?
The IRS 1099 Form is a collection of tax
forms documenting different types of
payments made by an individual or a
business that typically isn’t your employer.

3. SWIPE LEFT
WHO GETS A 1099 TAX FORM?
If your company hires independent
contractors throughout the year, then the
1099 form should be top of mind.

4. SWIPE LEFT
WHEN DO YOU HAVE TO SUBMIT
FORM 1099?
In most cases, the Form 1099 must be
furnished to necessary recipients by January
31, 2022.

5. SWIPE LEFT
THE MANY VARIETIES OF 1099s
1099 - INT
1099-DIV
1099-G
1099-R
1099-B
1099-S
1099-MISC
1099-NEC

6. SWIPE LEFT
WHAT HAPPENS IF YOU DON'T
SUBMIT A 1099 FORM?
Within 30 days of the deadline: $50 per form
After 30 days but before August 1: $110 per form
After August 1: $270 per form
Businesses that fail to send 1099s to their payees or
the IRS face the following fines and penalties:

7. CONTACT US
SAVE THIS FOR
FUTURE REFERENCE
SAFEBOOKS GLOBAL
Assisting CPA Firms and EA's with their
accounting and taxation services
info@safebooksglobal.com