In its October 25, 2017, payroll guide newsletter, the IRS advised filers not to include 2017 Forms 1099-MISC with nonemployee compensation reported in box 7 and 2017 Forms 1099-MISC without nonemployee compensation in box 7 on the same 2017 Form 1096, Annual Summary and Transmittal of U.S. Information Returns. Form 1096 is the transmittal form for many annual information returns, including Form 1099-MISC.
Public Law 114-113, Division Q, Section 201 requires 2017 Forms 1099-MISC with nonemployee compensation reported in box 7 to be filed with the IRS on or before January 31, 2018, using either paper or electronic filing procedures. The deadline for filing 2017 Forms 1099-MISC that don’t include nonemployee compensation in box 7 is February 28, 2018, if filing paper forms, or April 2, 2018, if filing electronically.
The IRS notes filing one Form 1096 with Forms 1099-MISC that include nonemployee compensation in box 7—and a separate Form 1096 with Forms 1099-MISC that don’t include nonemployee compensation in box 7—will help with timely, accurate form processing with the January 31 filing deadline.
To learn more about the requirements or for assistance preparing and filing Forms 1099-MISC, contact your trusted BKD advisor.