You’ve gathered all the information needed to generate the forms (which includes the recipient tax identification information and the payments data). Now it’s time to discuss the best way to deliver 1099s to recipients. And guess what? You’ve got options!
The first deadline for 1099-MISC and 1099-K is for delivering the form to contractors and recipients. The deadline is January 31 of the current tax year. This deadline applies regardless of whether the forms are delivered electronically or via paper snail mail. The forms must be postmarked by January 31.
Specific paper forms from the IRS are required for mail delivery. You can order them from the IRS website or obtain them at an office supply store. Don’t worry, they’re free!
Many companies choose to e-deliver 1099 forms to their recipients either through their platform or through email. But, in order to send electronically the recipient must consent to receiving the form electronically. If they don’t respond or consent to e-delivery, mail delivery is required.
Payable automatically collects IRS-compliant e-delivery consent as part of the onboarding process for any of your recipients. Recipients also have the ability to opt-out of e-delivery, in which case forms are mailed to them.
$0.99 per payment