topic 1099 Fiscal Year in Get your taxes done using TurboTax

1099 Fiscal Year

anthony5 — Mon, 03 Jun 2019 19:01:52 GMT

I am having one of those moments...

C Corporation FY ended in 2018 but are the 1099s issued for 2017(the tax year we are filing) or 2018?

Do you mean the C-Corp needs to issue 1099-misc for sub c...

Critter — Mon, 03 Jun 2019 19:01:53 GMT

Do you mean the C-Corp needs to issue 1099-misc for sub contractors or another kind of 1099?

Yes, correct 1099-MISC needs to be issued.

anthony5 — Mon, 03 Jun 2019 19:01:55 GMT

Yes, correct 1099-MISC needs to be issued.

Issuing a 1099 is not based on the fiscal year of your co...

Critter — Mon, 03 Jun 2019 19:01:56 GMT

Issuing a 1099 is not based on the fiscal year of your company but on a calendar year ... so even though your tax year straddles 2 calendar years the 1099-misc forms must be filed on a calendar year basis.

https://www.shrm.org/resourcesandtools/tools-and-samples/hr-qa/pages/whatisa1099-miscform.aspx

for your corp's fiscal year ending in 2018 you would file...

Anonymous — Mon, 03 Jun 2019 19:01:58 GMT

for your corp's fiscal year ending in 2018 you would file 1099's for calendar year ending 12/31/2017 (what's is sometimes referred to as the included December 31st - 12/31/17 is included in your fiscal year ending in 2018)