1099 Filing Handled Before January Deadline

Most 1099 software makes you do the work yourself, entering vendors by hand, matching TINs, and catching rejected filings before they become a March surprise. Monily removes that step.

Upload your vendor list and payment totals, and we take it from there. We collect outstanding W-9s directly from your vendors, run every TIN against the IRS database before anything gets filed, prepare the forms, and file with the IRS and the states that require a separate filing. Recipient copies go out on time, corrections get handled the same way the original filing did, and you get a confirmation record for every form once it is accepted. No software to learn, no spreadsheet to reconcile against a filing portal, and no year-end scramble to find vendors who never sent back a W-9.

Gross proceeds paid to an attorney (Box 10) keep the $600 threshold under Section 6045(f), separate from the new $2,000 threshold, which applies only to attorney fees for services on Form 1099-NEC.

January 31 (Monday, February 1 in 2027, because the 31st falls on a Sunday) is the date that matters most. It is the deadline to send 1099-NEC copies to your contractors and to file 1099-NEC with the IRS, on paper or electronically, with no automatic extension available on the IRS side. 1099-MISC recipient copies are also due January 31, except when Box 8 (substitute payments) or Box 10 (attorney gross proceeds) is used, which pushes the recipient deadline to February 15. The IRS filing deadline follows on February 28 for paper and March 31 for electronic filing regardless of which boxes are used.

Two threshold changes take effect for payments made starting January 1, 2026, under tax legislation passed in 2025.

A contractor you paid $1,200 in 2026 falls below the new threshold, though the $600 rule still governs any 2025 payments not yet filed. Monily tracks both changes so your filing reflects the rule in effect for the payments you made.

"Costly penalties" is not a number. Here is the actual tier structure the IRS applies per form, based on how late the filing is.

Every other tier carries an annual cap tied to business size, but intentional disregard does not, and it applies whether a form was never filed or was filed with information the IRS considers knowingly wrong. A single missed contractor rarely triggers that tier. A pattern of ignoring the requirement does.

The three forms cover different money and different payers. 1099-NEC is for a business paying an individual contractor or unincorporated business for services, the form most companies mean when they say "1099 filing", and the core of our 1099-NEC filing service. 1099-MISC covers payments that are not compensation for services, things like rent, legal settlements, prizes, and payments to an attorney for something other than legal fees, which stay at the $600 threshold rather than the new $2,000 rule. 1099-K works differently from the other two, it is filed by the payment platform itself, not by the business that used it, so a business rarely files a 1099-K but often receives one and needs it reconciled against its own books.

Vendor names, TINs, and payment data move through a secure platform, with access limited to the team working your filing. Monily is an IRS CAA. Nothing is emailed as a spreadsheet, and nothing sits in a shared folder longer than the filing takes.

Your 1099 filing sits alongside bookkeeping, tax preparation, and payroll, so the vendor totals come from books our own team keeps and the filing reflects the rule in effect for the payments you made.