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Tax Day 2022: Important 1099 Tax Deadlines

Deadlines for 1099 filings to file for Tax Year

For those who are independent contractors, or one who is self-employed likely receive an income tax form in the near future which means tax deadline for W2s to come out are approaching. Be assured that we've put together all the key dates to be aware about to ensure you don't forget any!

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24 January 2022 The IRS starts accepting tax returns

In general generally, the IRS begins accepting tax return submissions at the final day of January. This year it was the year that the IRS declared that the 24th of January is the official day to begin tax season. This means that this is the day that you'll have the ability to file your tax returns.

January 31, 2022: 1099 Forms delivered

The 1099 tax forms (and W-2 forms in the event that you also earn money from an employer) on or before this date. If you received the forms electronically then you'll receive them on the 31st of January. If you get them via mail, they could arrive later but businesses have to stamp (mail) them before the close of January. The forms will be required for your tax return So keep on the lookout for these!

Relevant Forms: 1099-NEC, 1099-K, 1099-G, etc.

April 18, 2022: 2021 tax return or an extension due

If you file your taxes electronically (file online) April 18 is the deadline to submit your tax return. If you mail your tax return, the filing is considered to have been filed in time if you postmark it before the 18th of April.

If you aren't sure you'll be ready to file your tax return by Tax Day 2022 and need an extension, be sure you file to request one prior to this date by completing Formula 4868. The extension gives you six additional weeks (until Oct. 17) for filing your tax return. Remember that it's an extension to fill out your tax return, however it doesn't grant the opportunity for you to be able to pay tax if they are due this year. The IRS suggests that you estimate the amount you owe and paying the total by April 18,, even when you extend your tax filing. This will reduce the amount of tax penalties you could incur even if you did not pay any amount to your tax due on time, such as April 18.

Important forms: 1040, Schedule SE, Schedule C or any other form needed for your income taxes

18 October 2022 The final deadline for those who applied for an extension on Form 4868

Have you received an extension? It is important to file by the deadline!