Required electronic filing of 1099 and 1042 forms

August 26, 2021

Share

Q. Is the requirement of any filer who files 250 or more forms 1042-S, 1099, etc., is the 250 per each type of form or total of all forms filed? A. Beginning with 2021 amounts to be reported in 2022, the number is an aggregate of all 1099 and 1042 forms filed, and the threshold has been reduced to 100 in total. That number will go down further to an aggregate of 10 forms of all types for 2022 amounts to be reported in 2023. 87900

  Free with Starter Membership!

Join IOFM today as a Free Starter Member to get access to hundreds of Articles, Webinars, Expert Answers, Resource Downloads, and more!

Join Today


Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500