Question

I have a question about when to file 1099 MISC Forms. Do I have to wait until I receive all my 1099 MISC Forms before I file my return?

Answer

It’s best to wait until you’ve received all 1099 MISC Forms that you expect before filing your return. However, don’t wait beyond the April tax deadline to file 1099 MISC Forms. File your return and pay the balance due by April 17 to avoid penalties and interest.

The companies you worked for should provide you with 1099 MISC Forms by Jan. 31 of the year following the year they paid you. If any payer paid less than $600 for your services, that payer isn’t required to provide you with 1099 MISC Forms.

Regardless of if you received a 1099 MISC, you should be keeping records of all income your business produced during the year. Store those records with your return.

Also, if your self-employment net earnings are $400 or more, you must file a Schedule C and a Schedule SE to calculate your self-employment tax liability. This doesn’t apply to church-employee income.

Related Topics

Related Resources

Estate Tax

Learn about estate tax from the tax experts at H&R Block.

IRS Letter 4213C – Reduced Installment Agreement User Fee Request Denial

Your request for a reduced installment agreement user fee was denied. Learn how to address letter 4213C with help from the tax experts at H&R Block.

When Not to File an Amended Return

Don't confuse the IRS and make your situation worse by filing an amended return when you shouldn't. Learn more from the tax experts at H&R Block.

IRS Letter 3323C – Notice to Non-Electing Spouse of Final Determination on Innocent Spouse Relief Claim

Learn more about IRS Letter 3323C, why you received the letter, and what it means for you with help from the tax experts at H&R Block.