Record the total number of forms you submit using Form 1096. You will also need to enter the total amount you recorded in the corresponding information statements. Although the forms are exempt from the IRS, there are quantitative restrictions. Check with the IRS for more information. You must file Form 1096 with the IRS. The address you use to send the information and Form 1096 depend on where your primary business is located. If you report non-employee compensation, Form 1099-NEC is due to independent contractors, the IRS, and the state`s appropriate tax authorities before January 31. The deadline for submitting Form 1096 is also January 31. The deadline for Form 1096 depends on the deadline for the corresponding returns you submit. Do not file Form 1096 if you are submitting information electronically. And if you need to submit 250 or more returns of a certain type of return, e-filing is mandatory. Learn more about IRS Form 1096. And get the information you need about filing, such as how to get copies, where to send Form 1096, and deadline 1096.
Unlike Form 1099-NEC or Form 1099-MISC, you do not send Form 1096 to independent contractors or the appropriate state tax authorities. Only send Form 1096 to the IRS. If you use Form 1099-MISC to report another type of supplier payment 1099, or if you file certain other information statements (such as Form 1097), the due date is not until February 28 (paper) or March 31 (electronic). Enter certain information on Form 1096, such as personal information such as your name, address, telephone and fax numbers, and email address. And you`ll need to register your company`s Federal Employer Identification Number (FEIN) or Social Security number. When it comes to reporting non-employee earnings, you may want to think of Form 1096 as the independent contractor`s version of Form W-3, Submitting Pay and Income Tax Returns. Like Form W-2, Form 1099-NEC tells workers how much they paid. And like Form W-3, Form 1096 summarizes the payments you`ve made to independent contractors.
Sometimes you need to hire employees who are not employees to perform certain tasks in your company. If you hire contractors or suppliers, you must prepare Forms 1099-NEC or 1099-MISC so that they can accurately file their personal tax returns. You will also need to file Form 1096 with Form 1099 that you send to the IRS. Finally, you`ll need to mark an X next to the type of form you`re submitting. For example, if you are submitting Form 1099-NEC, select the check box. Do not file Form 1096 alone. You will only prepare it if you need to submit one of the appropriate information statements. And you have to send it to the IRS with the appropriate returns.
You can order Form 1096 from the IRS. Do not print or use Form 1096 from the IRS website. This is not a printable Form 1096. If you use it, you can be punished. Form 1096 is also used to aggregate other returns such as Forms 1099-DIV and 1099-INT. You must complete a separate Form 1096 for each type of return you submit. For example, if you need to give 20 people a Form 1099-MISC and one person a Form 1099-DIV, you must prepare two separate Forms 1096 to send to the IRS. Send all submitted documents to the following addresses.
Form 1096, Annual Summary and Transmittal of U.S. Information Returns, is a document that summarizes information you file with the IRS, such as Forms 1099-MISC and 1099-NEC. Internal Revenue Service Austin Submission Processing Center P.O. Box 149213 Austin, TX 78714 Possible due dates are January 31, February 28, and March 31, depending on what you summarize and how you send it. You can place your order on the IRS website or by calling 1-800-829-3676. After placing your order, your documents should arrive within 10 business days.