Certified Payroll Professional Practice Exam

Question: 1 / 400

What is the deadline for filing Form 1099-MISC for independent contractors?

February 15 of the following year

March 15 of the following year

January 31 of the following year

Form 1099-MISC is used to report payments made to independent contractors and other non-employees. The deadline for providing this form to the independent contractors, as well as for filing it with the IRS, is January 31 of the following year. This deadline ensures that independent contractors receive their income statements promptly so they can accurately report their income on their tax returns. The requirement to file by this date underscores the importance of timely reporting for tax compliance purposes, helping to facilitate the reporting process for both payers and recipients.

The dates associated with the other options would not comply with IRS regulations regarding the timely reporting of income. Therefore, the January 31 deadline is essential for ensuring that all parties meet their tax obligations efficiently.

Get further explanation with Examzify DeepDiveBeta

April 15 of the following year

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy