{"id":3052,"date":"2024-10-22T11:06:44","date_gmt":"2024-10-22T11:06:44","guid":{"rendered":"https:\/\/www.tax1099.com\/blog\/?p=3052"},"modified":"2025-07-11T11:23:08","modified_gmt":"2025-07-11T11:23:08","slug":"1099-k-due-date-for-ty-2024","status":"publish","type":"post","link":"https:\/\/www.tax1099.com\/blog\/1099-k-due-date-for-ty-2024\/","title":{"rendered":"1099-K Due Date for TY 2024"},"content":{"rendered":"

Overview<\/span><\/b><\/h2>\n

IRS Form 1099-K<\/strong> is crucial for individuals and businesses that receive payments from third-party networks. The 1099-K, also known as the payment card and third-party network transactions,<\/span>\u00a0documents the gross amount of all reportable payment transactions processed in a year through payment cards and third-party networks, including<\/span> PayPal, Venmo, and eBay. \u00a0The 1099 forms ensure that all income is reported to the IRS, thereby promoting tax compliance.<\/span><\/p>\n

Form <\/span>1099-K Due Date<\/span><\/span><\/h2>\n\n\n\n\n\n\n
Requirement<\/span><\/b>\u00a0<\/span><\/td>\n Due Date<\/span><\/b> \u00a0<\/span><\/td>\n<\/tr>\n
1099-K sent to Recipients<\/span>\u00a0<\/span><\/td>\n \u00a0January 31<\/span>\u00a0<\/span><\/td>\n<\/tr>\n
1099\u2013K Filed with IRS (paper)<\/span>\u00a0<\/span><\/td>\n\u00a0February 28<\/span>\u00a0<\/span><\/td>\n<\/tr>\n
1099-K filed with IRS (electronically)<\/span>\u00a0<\/span><\/td>\n March 31 <\/span>\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Note: <\/span><\/b>T<\/span>h<\/span>e reporting is done in \u2018January, February & March\u2019 of the following year.<\/span>\u00a0<\/span><\/p>\n

Start eFiling 1099-K<\/strong><\/a><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

State Filing Due Dates for 1099-K<\/h2>\n

Certain states require businesses to file the 1099 K Form at the state level in addition to federal filing. Each state may have slightly different deadlines, but the current state filings typically align with the 1099-K federal deadline, i.e., <\/span>January 31<\/span><\/b> for sending forms to recipients and <\/span>March 31 <\/span><\/b>for electronic filing with the IRS.<\/span>\u00a0<\/span><\/p>\n

Most of the states file Form 1099-K through the <\/span>Combined Federal\/State Filing<\/a> (CF\/SF) Program<\/span><\/b>. It allows the IRS to electronically forward information returns to participating states. However, not all states take part in CF\/SF.<\/span>\u00a0<\/span><\/p>\n

The following states require you to file 1099-K forms directly with the state tax authority:\u00a0<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
State<\/span><\/b>\u00a0<\/span><\/td>\nFiling Deadline<\/span><\/b>\u00a0<\/span><\/td>\n<\/tr>\n
Florida<\/span>\u00a0<\/span><\/td>\nApril 30<\/span>\u00a0<\/span><\/td>\n<\/tr>\n
Illinois<\/span>\u00a0<\/span><\/td>\nSame as IRS (March 31)<\/span>\u00a0<\/span><\/td>\n<\/tr>\n
New York<\/span>\u00a0<\/span><\/td>\nApril 30<\/span>\u00a0<\/span><\/td>\n<\/tr>\n
Oregon<\/span>\u00a0<\/span><\/td>\nSame as IRS (March 31)<\/span>\u00a0<\/span><\/td>\n<\/tr>\n
Tennessee<\/span>\u00a0<\/span><\/td>\nApril 30<\/span>\u00a0<\/span><\/td>\n<\/tr>\n
Vermont<\/span>\u00a0<\/span><\/td>\nApril 30<\/span>\u00a0<\/span><\/td>\n<\/tr>\n
Virginia<\/span>\u00a0<\/span><\/td>\nApril 30<\/span>\u00a0<\/span><\/td>\n<\/tr>\n
Washington, D.C.<\/span>\u00a0<\/span><\/td>\nSame as IRS (March 31)<\/span>\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Deadlines for States participating in CF\/SF:\u00a0<\/strong><\/p>\n\n\n\n\n\n
Send to Recipients<\/span>\u00a0<\/span><\/td>\nJanuary 31 (of the following year)<\/span>\u00a0<\/span><\/td>\n<\/tr>\n
File with IRS (Paper)<\/span>\u00a0<\/span><\/td>\nFebruary 28<\/span>\u00a0<\/span><\/td>\n<\/tr>\n
File with IRS (Electronic)<\/span>\u00a0<\/span><\/td>\nMarch 31<\/span>\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

For states participating in the Combined Federal\/State Filing (CF\/SF) Program, the filing deadlines align with the federal deadlines.<\/span><\/span><\/span><\/p>\n

Extension Forms for 1099-K<\/h2>\n

If you need more time to file the 1099-K Form, you can request an extension by submitting <\/span>Form 8809<\/span><\/b><\/a>, Application for extension of Time to File Information Returns. This Form must be submitted by the original deadline of <\/span>March <\/span><\/b>31<\/span><\/b> for Electronic submission filing. Form 8809 grants you an automatic <\/span>30-<\/span><\/b>day extension<\/span><\/b>, providing additional time to file with the IRS and the applicable<\/span> \u00a0<\/span>states. However, this extension does not apply to the deadline for sending the form to Recipients, which remains <\/span>January 31<\/span><\/b>.<\/span>\u00a0<\/span><\/p>\n

You can submit a Second request for further extensions <\/span>b<\/span>eyond the initial 30 days, but a valid request is required. Filing on time or requesting an extension is essential to avoid penalties.<\/span>\u00a0<\/span><\/p>\n

If you are looking to extend your filing deadline, Tax1099 can offer convenient eFiling options to file Form 8809 and help you escape potential penalties.<\/span>\u00a0<\/span><\/p>\n

Penalties:<\/h2>\n

Penalties for Not Filing 1099-K on Time:<\/strong><\/p>\n

If you fail to file the 1099-K<\/a> by the deadline, you may face penalties<\/span> \u00a0<\/span> based on the delay:<\/span>\u00a0<\/span><\/p>\n