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New due date for some 1099s

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in Employment Law,Human Resources

Congress has changed the deadline for providing copy B of certain 2008 information returns. (P.L. 110-343) The new due date is Tuesday, Feb.17, 2009, instead of Feb. 2, 2009, as reported in the IRS instructions.

The change applies to the following forms:

  • Form 1099-B (Proceeds From Broker and Barter Exchange Transactions)
  • Form 1099-S (Proceeds From Real Estate Transactions)
  • Form 1099-MISC (Miscellaneous Income), but only if substitute payments in lieu of dividends and tax-exempt interest or payments to attorneys are reported

Tip: The Feb. 2, 2009, due date continues to apply to copy B of other 1099s.

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