1099 Filings

We prepare and electronically file your 1099s, and help you work out which payments actually need one. If you received a 1099-K, we reconcile it against what you really earned.

What we prepare and file

We handle Form 1099-NEC for contractors and Form 1099-MISC for rent, royalties, prizes and the other payments that fall under it. We collect and check the W-9 information first, because a wrong taxpayer ID is the single most common reason a filing gets rejected or generates a notice months later.

Not every payment type shares the same threshold either. Some 1099-MISC categories, royalties among them, have their own lower figure, so we check per payment type rather than applying one number across the board. We also help on the receiving side. If a payment platform sent you a Form 1099-K, the figure on it is gross — before fees, refunds and chargebacks — and reporting it as income without reconciling it will overstate what you earned.

The deadlines

Form 1099-NEC is due 31 January, whether you file on paper or electronically. There is no later electronic deadline for this one, which catches people out.

Form 1099-MISC is due 28 February on paper, or 31 March if you file electronically. If a due date falls on a weekend or a legal holiday, it moves to the next business day.

The threshold has changed — and most businesses do not know yet

The long-standing $600 reporting threshold for 1099-NEC and 1099-MISC has increased to $2,000, for tax years beginning after 2025. The amount is indexed for inflation from 2027 onward.

The threshold follows the tax year the payment falls in, not the date you file. Payments made during 2026 use the $2,000 figure. Payments made in earlier years keep the $600 threshold even if that return is filed late, amended or corrected in 2027 or later.

Electronic filing is mandatory for most businesses now

If you file 10 or more information returns in a calendar year, you must file them electronically. The count is an aggregate across almost every information return type, not 10 of any single form — so four of one and six of another puts you over.

That threshold used to be 250 per form type, which is why a lot of businesses still believe paper is fine. We file electronically as standard.

Form 1099-K, and the threshold that kept moving

The 1099-K threshold was scheduled to drop to $600 and became a moving target for several years. It has been restored to more than $20,000 in payments across more than 200 transactions for 2025 and beyond — but that figure applies only to payment apps and online marketplaces, the third-party settlement organisations.

Card payments work differently and this is where people get caught out: if customers pay you by credit, debit or gift card, the processor issues a 1099-K no matter how few payments there were or how small. There is no minimum for those. Some states also set their own, much lower thresholds. And receiving a 1099-K does not by itself decide what is taxable — the reconciliation does.

Frequently asked questions

When are 1099s due?

Form 1099-NEC is due 31 January, on paper or electronically. Form 1099-MISC is due 28 February on paper, or 31 March electronically. Dates falling on a weekend or legal holiday move to the next business day.

Is the 1099 threshold still $600?

Not for long. For tax years beginning after 2025 it rises to $2,000 for 1099-NEC and 1099-MISC, and is inflation-indexed from 2027. Filings you make before then still follow the $600 rule, so the year matters.

Do I have to file electronically?

If you file 10 or more information returns in a calendar year, yes. That count aggregates across form types rather than counting each form separately. The old 250-per-form threshold no longer applies.

I received a 1099-K. Do I owe tax on the whole amount?

Not usually. A 1099-K reports gross payments, before platform fees, refunds and chargebacks. It needs reconciling against your actual records before any of it reaches a return.

I missed the deadline. What now?

Penalties for information returns scale with how late the filing is, so the gap between late and much later matters. Call us and we will work out where you stand.