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Due to due from who sends 1099s12/29/2023 Under this program, the IRS sends Form 1099 information to participating states, meaning companies do not have to file separately with those states. The IRS has included Form 1099-NEC in the IRS 1099 Combined Federal/State Filing Program (CF/SF). However, you must send both forms to recipients by Janu. Form 1099-NEC is due by January 31, 2023, while Form 1099-MISC is due by February 28, 2023. When are Form 1099-NEC and Form 1099-MISC due?įorm 1099-NEC and Form 1099-MISC are due to the IRS on different dates. The insurance company does not have a separate Form 1099-NEC reporting requirement for the claimant’s attorney’s fees paid from these funds. The insurance company reports the payment as gross proceeds of $100,000 in box 10 of Form 1099-MISC. ![]() The IRS outlines the following example: An insurance company pays a claimant’s attorney $100,000 to settle a claim.
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