| The IRS deadline to electronically file your 1099 forms | | | | businesses) |
| is March 31, 2009. This includes, but is not limited to, | | | | In order to submit your forms electronically you will |
| 1099 Misc, 1099 INT, 1099 Div and 1099 R forms. Per | | | | need software to create a submission file that meets |
| IRS regulations any person/s required to file 250 | | | | the IRS regulations. Returns are then electronically |
| returns or more must file those returns electronically. | | | | uploaded directly to the IRS website. As part of the |
| Others with less than 250 returns may also choose to | | | | process, a submitter will obtain a Transmitter Control |
| electronically file their returns. Filers whom fail to file a | | | | Code from the IRS. A complete list of 1099 |
| correct information return by the deadline may be | | | | Deadlines is available on at or by visiting the IRS |
| subject to a penalty. Penalties vary and are based on | | | | website. |
| the date you file your correct return. The penalties are: | | | | Software should be easy to use and economically |
| $15 per information return if you correctly file within 30 | | | | priced. W2 Mate, a 1099 Efile and W2 Efile Software, |
| days; maximum penalty $75,000 per year ($25,000 for | | | | offers a complete solution for importing, preparing, |
| small businesses) | | | | processing, printing and E-Filing 1099 and W2 forms. |
| $30 per information return if you correctly file more | | | | This W2/1099 form printing and reporting software |
| than 30 days after the due date but before August 1; | | | | supports an unlimited number of companies, |
| maximum penalty $150,000 per year ($50,000 for small | | | | employees, recipients and forms. W2 Mate will create |
| businesses) | | | | the submission file per IRS specifications. |
| $50 per information return if you file after August 1 or | | | | Download a free demo version of the software here: |
| you do not file required information returns; maximum | | | | 1099 Software Download. |
| penalty $250,000 per year ($100,000 for small | | | | |