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FORM 1099


TAXMAN

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1 hour ago, TAXMAN said:

Does form 1099 nec and form 1099 miscl copy A have to be filed on red paper? I know the 1096 has to be.

YES.  There are many who say/claim/have proof the IRS accepts self printed copy A, the "specifications" do not permit it, and thus, the IRS can elect to charge a fairly hefty fine per form (not page, but for each item reported).

This is different than the SSA, which embraced self printed Copy A forms starting with TY 2021.

If the PR is correct, and the IRS does come up with an easier/free efile for 1099's, I suspect I (in my software) will not even try to fill in the red dropout ink 1099 forms any longer, even though it appears the IRS has settled on non year specific forms...

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