If, during your trade or business, payments total $600 or more to a sole proprietor, partnership, or limited liability company (other than a corporation) for services rendered in a calendar year, an information return on Form 1099 must be filed. Services include rent payments for real or personal property rental if $600 or more. Payments of at least $600 made to attorneys and providers of medical or health services are reportable on Form 1099, whether or not the recipient is incorporated.
If a company has 10 information returns to file, it must submit them electronically to the IRS. This total is an aggregate number of all the information returns. An information return includes 1099s, withholding statements, income tax returns, etc. (see T.D. 9972 for a complete list). The IRS introduced E-file with IRIS as an additional way to file 1099s, making compliance with the lower requirement easier. For more information, visit irs.gov/filing/e-file-forms-1099-with-IRIS or go to irs.gov and type in IRIS in the search bar.
There were no significant changes that occurred for the 2025 filing year, which will be reported in January 2026. Because the 2026 due dates fall on a weekend, the filing deadline will be extended to the next business day.
To learn more, listen to Shareholder Mary Ellen Michaelson present her annual 2024 1099 update here, and download a copy of the 2024 presentation handout here.
