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bagleym49
New Member

what do we do with our 1099 forms when we file electric

 
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2 Replies
KrisD15
Expert Alumni

what do we do with our 1099 forms when we file electric

Keep them with your tax file. 

The IRS gets a copy of their own, they don't need a copy of yours. 

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what do we do with our 1099 forms when we file electric

You save them in a labeled 2020 tax folder, and save with all your other tax documents....and a print-out of your 2020 tax forms.

 

...... the IRS or the State tax department may ask for copies of them at any time in the next 3-to7 (or so) years IF...if they decide to check on what you entered on your tax forms.....or if they randomly decide to audit you.

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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