1099OID Tax Forms, Pressure Seal Recipient Copies
Order 1099OID tax forms to report a special type of interest from certain bonds that were issued at a price less than the value you can redeem them for once the bond matures. It is issued if a payee needs to report the amount as part of their income.
Get big discounts on 1099 forms – no coupon code required with The Tax Form Gals!
Use pressure seal 1099OID Forms with pressure seal equipment – ideal for processing a large volume of forms.
1099OID Pressure Seal Form Specs:
- 11″ form
- Z-Fold Simplex format
- 2 Copy B forms for recipients
New E-filing Requirement Changes for 1099 & W2 IRS Filing for the 2023 Tax Year
The new E-file threshold for 2023 is 10 W2 and 1099 forms, combined, per EIN.
That means, for example, if your business has 5 1099NEC forms and 5 W2 forms, you must e-file the red Copy A forms with the IRS and SSA by January 31, 2024.
This applies to ANY combination of 10 or more of ANY type of 1099 or W2 forms, except correction forms. Here is a great article with insights to the changes.
Penalties apply if you don’t – $60 per form if you file on time and up to $310 per form if you file late.
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