1099 Fiscal Year

[anthony5]

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?

[Critter]

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

[anthony5]

Yes, correct 1099-MISC needs to be issued.

[Critter · Accepted solution]

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

[Anonymous]

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)