Pension & Benefits News IRS releases 2019 requirements for paper substitutes of information returns
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Wednesday, August 7, 2019

IRS releases 2019 requirements for paper substitutes of information returns

By Pension and Benefits Editorial Staff

The IRS has released procedures setting forth the 2019 requirements for reproducing paper substitutes and for furnishing substitute recipient statements for Forms 1096, 1098, 1099, 3921, 3922, 5498, and certain other information returns. Among the changes made to the procedures, the IRS has changed the filing dates for Form 1099-MISC. If nonemployee compensation payments are being reported in box 7, Form 1099-MISC should be filed on or before January 31, 2020 on paper or electronically. For all other reported payments, Form 1099-MISC should be filed by February 28, 2020, if filed on paper, or March 31, 2020, if filed electronically. The IRS notes editorial changes were made throughout the procedures, including updated references.

SOURCE: IRS Rev. Proc. 2019-24.

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