Some businesses and other payers take out backup withholding from payments they make to certain people. These entities should remember their upcoming filing deadlines.
•Friday, January 31 to report nonemployee
•Tuesday, March 31 to report all other payments
Form 945, Annual Return of Withheld Federal Income Tax
Businesses and other payers must report backup withholding and any other federal income tax withheld from nonpayroll payments on Form 945. The deadline for filing Form 945 for tax year 2019 is Friday, January 31, 2020. However, if the payer made deposits on time and in full, the deadline is Monday, February 10, 2020.
Visit IRS.gov for forms and information. The information returns listed below are used to report backup withholding for tax year 2019. They’re generally due to the IRS on Friday, February 28, 2020, for paper filers and Tuesday, March 31, 2020, for electronic filers.
These information returns are
•Form 1099-B, Proceeds from Broker and Barter Exchange Transactions.
•Form 1099-DIV, Dividends and Distributions
•Form 1099-G, Certain Government Payment
•Form 1099-INT, Interest Income
•Form 1099-K, Payment Card and Third-Party Network Transactions
•Form 1099-MISC, Miscellaneous Income
•Form 1099-OID, Original Issue Discount
•Form 1099-PATR, Taxable Distributions Received from Cooperatives
•Form W-2G, Certain Gambling Winnings
Information return filing extensions
A payer can request a 30-day extension to file any of the information returns listed above by filing Form 8809, Application for Extension of Time to File Information Returns. An extension is usually granted automatically.
However, the IRS does not automatically grant an extension for someone filing Form 1099-MISC reporting nonemployee compensation payments. Payers who need a 30-day extension to file this form must meet one of the criteria listed on line 7 of Form 8809.