We know that there are many stressed out business owners unsure how they will possibly be able to complete their Forms 1099 and ACA Forms 1095 with only a day or two left before the deadline.
Especially with ACA Forms 1095, this is a nearly impossible task, as many employers are unable to complete these forms without the assistance of a professional when they are working with a reasonable timeline.
However, there is no need to fear, your business still has options and if you are a tax professional filing on behalf of your clients and are unable to gather the information needed to file on time, you also have hope.
The Form 8809 is the Application for Extension of Time To File Information Returns. The Form 8809 is used to apply for an extension of time to file certain information returns to the IRS. This includes both 1099s and ACA Form 1094-B/C and 1095-B/C.
Because this is an automatic extension, as long as you file an accurate form on or before the deadline, in this case March 31, 2021, the IRS will grant your extension. The length of the extension for information returns is 30 days.
Please note that when filing the extension Form 8809 for either Form 1099-NEC or W-2, your extension will only be accepted under emergency circumstances. It is not automatic in this case. Check out line 7 of the form for more information on this.
Who can File the 8809?
The Form 8809 can be filed by any payer or tax professional filing on behalf of their clients for certain information returns. These information returns include:
How Should I File the Form 8809?
The Form 8809 is a straightforward form that can be filled out quickly provided that you have certain information available. To file the Form 8809, you will need the following information.
Basic payer information (name, address, phone number)
Know which form you need to extend
You can either paper file this form or file it electronically. The IRS-preferred method of filing is e-filing, as it allows them to process your form at a faster rate. Given the backlog of paper forms that the IRS is facing, e-filing is more convenient now than ever.
If you are seeking a simple e-filing solution, look no further then ExpressExtension. With over a decade of experience providing IRS e-file services, our application is both user friendly and secure.
You can file your extension in minutes and receive instant IRS updates, this will take the stress out of your extension, giving you time to complete your information returns!