Get to Know the 1099s You Can E-file with ExpressIRSForms

If you’re looking to file a 1099 Form, then look no further because you’ve come to just the right place! ExpressIRSForms is a leader in the 1099 e-filing industry and provides stress-free, IRS-authorized e-filing.

Form 1099 has a few important deadlines coming up now that the 2016 tax filing season is in full swing. Recipient copies of Form 1099 must be postmarked and mailed to your recipients by January 31, 2017. If you’re paper filing, you’ll need to have your forms to the IRS by February 28, 2017. If you’re going the easier route and e-filing, you have until March 31, 2017.

So now that you know when to file, check out your options for filing Form 1099 with ExpressIRSForms:

Form 1099-MISC
Form 1099-MISC is used to report miscellaneous income received by an individual for services other than a wage-paying job. In other words, this form is used to report payments rendered to non-employees, like sub-contractors, renters, prize winners, etc.

Those filing Form 1099-MISC this year for the 2016 tax year will need to pay special attention to its new deadline. If you’re filing Form 1099-MISC to report non-employee compensation in box 7, the form is due to your recipient and the IRS by January 31, 2017.

Form 1099-INT
Form 1099-INT is used to report payments on interest income of $10 or more. Generally, this form is filed by banks or financial, mutual fund, or government institutions. There are certain exemptions for Form 1099-INT, however. You’re exempt from filing one for payments made to payees that are

• US agencies or states or possessions, including Washington, D.C.
• Corporations or tax-exempt organizations
• Archer MSA or Medicare Advantage MSA
• Health savings accounts (HSA) or Individual Retirement Accounts (IRA)
• Registered securities or commodities dealers, nominees or custodians, brokers, or notional principal contract (swap) dealers

Form 1099-DIV
Form 1099-DIV is for dividends and distributions. It’s provided to investors by bankers and other financial institutions to report dividends and other distributions, like capital gains and exempt-interest dividends, of over $10 to payees and the IRS. There are only two exceptions for filing Form 1099-DIV and they are:

• Taxable dividend distributions from life insurance contracts and employee stock ownership plans. These distributions should be reported on Form 1099-R.
• Payments received by a broker resulting from a loan of a customer’s securities, which are reported on Form 1099-DIV.

Form 1099-R
Form 1099-R is used to report distributions from pensions, annuities, retirement or profit-sharing plans, IRAs, insurance contracts, etc. of $10 or more during the year. Most public and private pension plans not included in the Civil Service System can use Form 1099-R to report as well. Additionally Form 1099-R can be used to report certain death benefit payments from employers and disability payments from retirement plans.

Can’t Forget the Corrections
While we have every feature in place to ensure your filing is error-free the first time around, it never hurts to have back-ups. That’s why we also offer e-filing for Form 1099 corrections. And even if you didn’t initially file with us, you can still file corrections easily with ExpressIRSForms.

Corrections should be filed as soon as you notice the error or receive word that the IRS did. There are two types of corrections that can be made:

• Type 1: incorrect tax amount(s), code, checkbox, payee name, or to void a return.
• Type 2: missing/incorrect payee TIN, incorrect name or address, or the return was filed on the wrong form.

Form 1096
Typically, when Form 1099 is sent to the IRS via postal mail, a transmittal Form 1096 must accompany it. When you e-file, Form 1096 isn’t required. However, since you may need a copy for your records, when you e-file with ExpressIRSForms, we generate a copy based on the forms you file, which you can access in your account’s print center at any time.


For questions about e-filing any of these forms, please don’t hesitate to reach out to our customer support team. We’re available by phone (704-684-4751) and live chat Monday through Friday, 9:00 a.m. to 6:00 p.m. EST. We also provide 24/7 assistance at support@ExpressIRSForms.com!

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Extension Form 8809: What You Need to Know

Did you know that you can get an extra 30 days to e-file your information returns with the IRS? All you have to do is apply with Form 8809!

What is Form 8809?
Form 8809 is officially titled the Application for Extension of Time to File Information Returns. If you don’t think you’ll be able to have the information returns you’re required to file each year ready on time, you can apply for a quick 30-day extension of time to file with Form 8809.

Now, a couple things to keep in mind about Form 8809:

• It must be filed by the original filing deadline you’re trying to extend. We recommend not waiting til the last minute for this, though, since W-2 extensions are no longer automatic and you’ll need to get verification your extension has been granted.
• Form 8809 does not extend your deadline for having your employee or recipient copies mailed out. So even if you receive an extension to file your 1099 Forms with the IRS, you’ll still need to make sure you have those recipient copies out by the original deadline.

For Which Forms Can I Use Form 8809?

Form 8809 can be used for a myriad of forms, namely Forms

• W-2,
• 1094-C, 1095-C,
• 1095-B,
• 1097, 1098, 1099, 3921, 3922, W-2G,
• 1042-S,
• 5489,
• 5489-ESA,
• 5498-SA, and
• 8027.

Can Form 8809 Be E-filed?
Yes and no. For most forms, Form 8809 can be e-filed, however, this year is the first year Form 8809 must be completed on paper for W-2 Forms. For every other form, you can e-file Form 8809 with an IRS-authorized filing agent (like ExpressIRSForms*). However, Form W-2 extension requests must be mailed to:

Internal Revenue Service

Attn: Extension of Time Coordinator

240 Murall Drive, Mail Stop 4360

Kearneysville, WV 25430

*For more information about e-filing Form 8809 with ExpressIRSForms, check out our website or give our support team a call! We’re here Monday through Friday, 9:00 a.m. to 6:00 p.m. EST, via phone (704-684-4751) and live chat and we offer 24/7 assistance via email at support@ExpressIRSForms.com!

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Happy New Year from ExpressIRSForms!

And a happy new year it will be, indeed!

A little birdy dropped the word yesterday that the filing deadlines for the new Affordable Care Act forms have been extended from their original dates.

(That birdy was the IRS, by the way, so it was a pretty reputable source on the matter.)

While this is pretty exciting news for some of you filers out there, don’t forget that the early bird gets the worm. Just because you have more time to file, that doesn’t mean things couldn’t go wrong at the last minute. Be sure to use this time wisely so you’re not scrounging around at the eleventh hour.

So what are the new dates? Recipient forms that initially had to be mailed out by February 1, 2016 now need to be mailed no later than March 31, 2016. If you’re paper filing, you would’ve initially had to have your forms to the IRS by February 29, but that deadline’s now May 31, 2016. E-filers will see their deadline extend from March 31 to June 30, 2016.

Keep in mind that this is only for the ACA forms 1094-B/C and 1095-B/C. This does not apply to 1099s, W-2s, or any other information returns which are still due on their regular deadlines. This deadline extension has also only been authorized for 2015 information returns, so future filings will need to be completed sooner in the year.

And another thing to keep in mind: the ExpressIRSForms offices will be closed New Year’s Eve and New Year’s Day. If you need help during those times, we will be offering emergency email support. We’ll be back taking calls and live chats on Monday, January 4th at 9 a.m. EST.

See you next year!

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2015 Tax Filing Deadlines

Welcome back, folks!

We hope you had a great holiday weekend and are looking forward to jumping right into your 2015 tax filings this Monday morning! Oh, who are we kidding? Any one of us would hit a snooze button to delay thinking about filing for at least another week in a heartbeat if we could.

Although, that’s not to say that you can’t: in the spirit of the holidays, we’ll let it slide if you want to put off looking at your filings until next year/week. But before you go popping the champagne early, keep in mind that you’ve got some deadlines coming up. So take a look at the dates below, think about the amount of forms you’ll need to file, and determine if it’s time to own up to the responsibility or if it’s time for a glass of bubbly:

March 31, 2016
March 31st is the date by which copies of the ACA forms you’re filing will need to be sent out to your recipients. Normally, this due date is scheduled for January 31st of the year following the year for which you’re reporting but the IRS has extended this deadline for the 2015 tax year.

May 31, 2016
If you’re paper filing your ACA forms, you’ll need to have them sent to the IRS by May 31st. The official wording of the rule is “the last day of February following the year for which you’re filing,” so in future years, this due date will be February 28th or 29th.

June 30, 2016
And for the e-filers: your ACA forms 1095 and 1094 will need to be transmitted to the IRS by 11:59 p.m. (your time zone) on June 30th. But even though you can literally wait until the last minute to e-file, we recommend giving yourself a few days (or hours at least) to file before the deadline so you can avoid any issues with heavy site traffic or computer errors. And remember: after 2016, this due date will be March 31st of each year.

So be sure to keep these dates in mind as the new year approaches. If you miss one you're required to meet, you could face some serious penalties. You know better than we do how long it’ll take you to complete those  Form 1099s, Form W-2s, or ACA forms (although you might want to knock some of your estimated time off - our name is ExpressIRSForms, after all), so we won’t tell you that you have to start now. But it couldn’t hurt, either.

And if you need any help along the way, give us a call at (704) 839-2270, Monday through Friday from 9 a.m. to 6 p.m. EST, or send us an email anytime at support@expressirsforms.com!

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Happy Holidays from ExpressIRSForms!

Happy Christmas Eve Eve from ExpressIRSForms!

Whether you celebrate your winter holidays in the next couple of days or at another time during December (or not at all), we hope your holiday season is filled with comfort and joy in the company of family and friends.

We invite you to take the next couple of days off from your taxes, because that’s what we’re doing too. Our offices will be closed tomorrow (12/24) and Friday (12/25), with phone and chat support resuming during office hours (9-6 EST) on Monday (12/28).

If you really, really need us, email support will be available throughout the weekend. You can reach us at support@expressirsforms.com during this time should you have an ExpressIRSForms-related emergency (if it’s the regular kind of emergency, call 911).

Happiest of holidays to you and yours! We’ll see you next week!

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Form 1099 FATCA Update for the 2015 Tax Year

Welcome to another blog post brought to you by ExpressIRSForms to prepare you for the 2015 tax filing year. We’ll keep this one short and sweet: with the shortest day of the year (tomorrow) falling on a short work week like this one, there isn’t time for much more than a quick update. Plus, there’s not that much information to divulge; it really is a quick update from the IRS this time (I know, who’d have thunk?).

If you’re the type to read the General Instructions for Certain Information Returns PDF each year before you file, you probably already noticed the “What’s New” section. If you haven’t caught up on your IRS reading yet, however, here’s what you’re missing:

FATCA -- that’s the Foreign Account Tax Compliance Act -- states new filing requirements be completed by certain foreign financial institutions (FFIs) beginning with 2015 tax year filings. So from now on, FFIs with a chapter 4 requirement to report a US account maintained by that FFI and held by a specified US person can fulfill this requirement by checking the box that says “FATCA filing requirement” on the 1099 form they’re filing.

The FATCA filing requirement box is now included on forms 1099-MISC, 1099-INT, and 1099-DIV that have been updated for the 2016 filing season. So if you’re an FFI and this chapter 4 requirement applies to you, be prepared to check an extra box on your 1099s.

Told ya that would be quick. And, as far as new IRS requirements go, it’s a pretty painless one. Now the new Affordable Care Act requirements, those are a different story (but we can help you with those, too).

If you need help with your 1099s, W-2s, ACA forms, or the e-filing process, feel free to reach out to us. We’re available Monday through Friday from 9 a.m. to 6 p.m. EST through phone (704-839-2270) and live chat, and we have 24/7 email support for any emergencies.

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