As year-end approaches, there are several items you should be considering related to 1099 preparation.
Here’s what we need from you:
Please submit your 1099 information to your My Eide Bailly portal by Monday, January 10, 2022. Please include:
Upon completion, all forms will be mailed directly to the recipients and all government copies will be electronically filed with the appropriate authorities. We will upload the copies for your records to your My Eide Bailly portal.
Please note, all 1099 forms must be furnished to recipients on or before January 31, 2022 to avoid penalties.
Common types of payments to be reported (this list and instructions are not all inclusive):
Yes, if you made payments during the ordinary course of your trade or business must be reported. These payments include but are not limited to:
Machine Hire | Casual Labor | Breeding Fees | Professional Services |
Repair Work | Spraying | Veterinary Fees |
Do not include payments you made:
Here is the 1099-NEC specific template form.
Yes, if you made payments during the ordinary course of your trade or business must be reported. These payments include but are not limited to:
Do not include payments you made:
Here is the 1099-MISC specific template form.
Yes, if you made payments for the following:
Here is the 1099-INT specific template form.
Yes, if you made payments for the following:
Here is the 1099-DIV specific template form.