IRS Publishes 2019 Draft 1099-MISC

September 4, 2018 Paul Ogawa

The IRS has published the 2019 draft version of Form 1099-MISC, Miscellaneous Income. This form is used to report various non-wage sources of income.

There are two notable changes to the 2019 draft form, which are as follows:

  • Under “Amounts shown may be subject to self-employment (SE) tax”, the instructions state that if you are still receiving payments on which no income, social security, and Medicare taxes are withheld, recipients should make the estimated tax payments.
  • Under “Instructions for the Payer”, the filing due dates were adjusted to account for weekends and/or holidays.
    • If reporting payments in Boxes 8 & 14, the due date is extended to February 18, 2020.
    • If reporting forms without Box 7 filled, the due date is February 28, 2020 on paper and March 31, 2020 electronically.

To review this form in its entirety, please visit the IRS website by clicking here.

About the Author

Paul Ogawa is a Junior Regulatory Counsel at Sovos Compliance. As part of the Regulatory Analysis team, his main areas of focus are state and federal tax withholding, the Affordable Care Act (ACA), and Canadian tax information reporting. Prior to Sovos, Paul worked as a litigation attorney in Boston area law firms, representing clients in insurance subrogation claims, family law matters, and employment disputes. Paul is a member of the Massachusetts Bar, earned his B.A. from Brandeis University and his J.D. from the Suffolk University Law School.

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