If you are still awaiting a refund from the original return, you usually want to wait until you receive it before filing Form 1040-X. While filing your taxes without a 1099 in hand generally isn’t a problem, there is one exception, and that’s the 1099-R, which lists distributions from pensions, annuities, and retirement accounts. You should receive a 1099-R if you collected at least $10 in distributions over the course of the tax year.

If you can’t reconstruct your income without an actual 1099, you can ask for a replacement form. To pull that off, though, you’ll need to figure out how much you actually earned. Whether you misplaced your form or just never got one in the first place, the IRS won’t charge you anything extra.

Without further ado, here are the most common explanations for your missing 1099 form. Still, not everyone gets their 1099 forms when they’re supposed to. If you disagree, you can contact the IRS within 60 days of the date on your notice. Sometimes, you might not receive your 1099 — for example, if you’ve recently moved. Before we can understand how to deal with a missing 1099, it’s important to understand if you should even be expecting one in the first place.

  1. If you didn’t get a Form 1099, you’re still required to report all your freelance income.
  2. There is more angst this year than usual, since the IRS has changed the filing date for some Forms 1099.
  3. Especially now that the IRS has added electronic filing for amended returns, there’s no reason to stress out about filing a correction.
  4. Some damages are tax-free under Section 104 of the tax code, but only physical injuries and physical sickness qualify.

And if you had income tax taken out of those payments upfront, you’ll need to include that 1099-R on your return to show what was withheld. Otherwise, there’s no actual need to go through the legwork of following up with your issuer. Any time you receive a 1099, you’re required to report that income on your tax return.

If you don’t realize your mistake on time, it’s very likely you’ll receive a CP11 Notice. You can still report your 1099 income without having the actual 1099, so long as you know how much money your client has paid you. If you don’t want to go through the hassle of filing manually, try the Keeper app. After using it to find write-offs, you can file directly on your phone.

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But what happens if you didn’t receive a 1099 form that you were expecting to get? Believe it or not, 1099s go missing more often than you’d think. Other times, they’re simply not issued when they should be. Remember, if you lost or didn’t get a 1099, you can always get a copy of your forms online.

That’s right — it’s not actually a necessary form for tax filing purposes! Just include that total on your Schedule C as if you did have the form on hand, and everything’s golden. In general, the IRS has three years to audit your tax return. The count starts from either the date you filed or the due date for the return — whichever is later.


Closeup of Form 1099-K, Payment Card and Third Party Network Transactions, an IRS information return … [+] used to report certain payment transactions to improve voluntary tax compliance. If you end up with a smaller refund, you can simply pay back the difference when you file your amended return. This one applies when you’re paid indirectly, via credit card or app, such as Venmo or PayPal. 1099 forms cover a lot of different types of income, from mutual fund distributions to legal damages to capital gains.

Submit copies of both the original and new versions of those, along with your 1040-X. This is different from being audited (though obviously mistakes on your return can eventually lead to an audit). A CP11 is just the IRS informing you that it believes you made a mistake on your taxes.

Because the IRS has a copy of the 1099 your client sent out, they’ll see the difference between what you reported and what the lost 1099 said. This approach works best if you know which 1099 forms you lost and were relatively good about recordkeeping throughout the year. Whether you lost one 1099 or misplaced them all, here are three alternative approaches to figuring your income so you can file. That said, you can end up with a penalty if you wait too long to file because of a lost 1099.

Reconciling advance child tax credit or economic impact payments

Most Forms 1099 arrive in late January or early February, but a few companies issue the forms throughout the year when they issue checks. If you don’t include the reported item on your tax return, bells go off. IRS Forms 1099 remind you that you earned interest, received a consulting fee, https://turbo-tax.org/ or were paid some other kind of income. It is useful to have a copy of each one that is issued, but asking for one can be a mistake. If you find yourself wanting a form, you obviously know about the payment you received. Reporting extra income that doesn’t match a 1099 is not a problem.


If you lose your 1099 form, the best thing for you would be filing for an extension to avoid penalties for late 1099s. Missing information or an incomplete tax return may also incur penalties. For example, sending in a form without your Social Security number can cost you $5 each time it’s missing. That’s why the last two months leading up to tax day should be spent collecting all the necessary forms for filing your taxes. These include your form W-2, write-off receipts for taxes, and 1099 for miscellaneous income.

If you answered yes to either, there are easy ways to retrieve the forms. Watch this video to find out more about recovering 1099 forms. Before, freelancers who got paid through these third-party services needed at least $20,000 in payments, across 200 transactions, to get a 1099-K.

Married spouses who received joint payments will need to log into their own online account or review their own letter for their portion of the total payment. If filing a 2021 return as married filing jointly, they should add the payments together to provide the total amount. This year, the IRS moved up the filing date–for IRS copies going to the IRS–to January 31, for Forms 1099-MISC reporting non-employee compensation in box 7. January 31 is the normal due date for the forms to be issued to recipients.

Storing your tax documents on the cloud is not advised because they always contain sensitive information such as your Social Security number and your personal tax information. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.

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