New Deadline for Copy B of Form 1099
The IRS announced that the date by which Copy B of Form 1099-S is to be received by the taxpayer to whom payments were made in 2008 has been changed. The instructions for the form give February 2, 2009 as the date. The correct date for 1099-S is February 17, 2009 because of the weekend and holiday rule. Otherwise the due date would be February 15. The change to February 15 was made by the Emergency Economic Stabilization Act of 2008. The due date for 1099-MISC remains February 2, 2009. A discussion of Form 1099 for payments for acquisitions of timber is at The IRS Form 1099 Conundrum (Updated on 11/29/07 to reflect REG-155669-04 , Information Reporting for Lump-Sum Timber Sales, 11/28/2007)