Required electronic filing of 1099 and 1042 forms

September 23, 2021


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

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