--- title: How New 1099 Rules Affect Your Taxes description: "The IRS Updates: Form 1099 MISC Changes for 2022, including boxes 13 - 18. Find out when to file and in what format." image: https://media.insognacpa.com/hubfs/1099%20forms.png --- [![Insogna logo small](https://media.insognacpa.com/hs-fs/hubfs/Insogna%20logo%20small.png?width=300&height=73&name=Insogna%20logo%20small.png "Insogna logo small")](https://insognacpa.com/) [![Insogna logo small](https://media.insognacpa.com/hs-fs/hubfs/Insogna%20logo%20small.png?width=300&height=73&name=Insogna%20logo%20small.png "Insogna logo small")](https://insognacpa.com/) [![Insogna logo small](https://media.insognacpa.com/hs-fs/hubfs/Insogna%20logo%20small.png?width=300&height=73&name=Insogna%20logo%20small.png "Insogna logo small")](https://insognacpa.com/) [![Insogna logo small](https://media.insognacpa.com/hs-fs/hubfs/Insogna%20logo%20small.png?width=300&height=73&name=Insogna%20logo%20small.png "Insogna logo small")](https://insognacpa.com/) Content Title Description < Previous page Next page > [Why Us](https://insognacpa.com/why-us) | [Business Accounting](https://insognacpa.com/business-accounting) | [Fractional CFO](https://insognacpa.com/fractional-cfo) | [Minimizing Taxes](https://insognacpa.com/tax-strategy/) [Building Wealth](https://insognacpa.com/building-wealth) | [Learning Center](https://insognacpa.com/learning-center)| [Contact Us](https://insognacpa-6129290.hs-sites.com/en-us/contact-us) [Tax](https://media.insognacpa.com/blog/tag/tax) [Business Tax](https://media.insognacpa.com/blog/tag/business-tax) # How New 1099 Rules Affect Your Taxes By [Chase Insogna, CPA](https://media.insognacpa.com/blog/author/chase-insogna-cpa) Mar 6, 2023 2:07:29 PM 1 Minute Read In 2020, the IRS reintroduced [Form 1099-NEC](https://www.irs.gov/forms-pubs/about-form-1099-nec) to report non-employee compensation on a separate form. Box 7 of the 1099-MISC was replaced and is now used to report direct sales of $5,000 and more. For the 2022 tax year, the FATCA Filing Requirement checkbox can now be found on Box 13. Boxes 13-17 from the 2021 version of the form have been renumbered as 14-18 to accommodate this change. ## What are the changes? The IRS has made a few updates to [Form 1099-MISC](https://www.irs.gov/pub/irs-pdf/f1099msc.pdf), which will be effective for the 2022 tax year. Box 13 is now a checkbox used to report the [Foreign Account Tax Compliance Act (FATCA)](https://www.irs.gov/businesses/corporations/foreign-account-tax-compliance-act-fatca) filing requirement. As a result of this update, the original boxes 13-17 have been renumbered. - Box 13 is used to indicate the Foreign Account Tax Compliance Act (FATCA) filing requirement.  - Box 14 is used to report the excess gold parachute payments. - Box 15 is used to report the payment under NQDC plans. - Box 16 is used to report the state-withheld taxes. - Box 17 is used to report the payer's state number. - Box 18 is used to report the state income. ## What is the deadline? The IRS requires payers to issue a copy of Form 1099-MISC to the recipient by the end of January 31st. The deadline to submit paper copies to the IRS is on February 28th, and the e-filing deadline for Form 1099-MISC falls on March 31st. The Form 1099-MISC deadlines for the 2022 tax year are as follows: ![1099 filing deadlines](https://media.insognacpa.com/hs-fs/hubfs/1099%20filing%20deadlines.png?width=746&height=238&name=1099%20filing%20deadlines.png) ## e-Filing Benefits The IRS prefers e-filing to paper filing because it is a simpler method and tracking electronic copies of forms is more efficient than tracking paper copies.  Don’t leave your taxes to chance. [Give us a call](https://insognacpa.com/contact-us)about preparing your taxes. ## Recommended For You [![ecommerce seller](https://media.insognacpa.com/hubfs/Business%20woman%20hand%20typing%20on%20keyboard%20with%20online%20shopping%20concept.jpeg)](https://media.insognacpa.com/blog/why-ecommerce-businesses-need-cpas-to-survive-and-grow) [eCommerce](https://media.insognacpa.com/blog/tag/ecommerce) 1 Min Read ### [Why eCommerce Businesses Need CPAs to Survive and Grow ](https://media.insognacpa.com/blog/why-ecommerce-businesses-need-cpas-to-survive-and-grow) [Chase Jan 9, 2023 1:21:59 PM](https://media.insognacpa.com/blog/author/chase) [![automated bookkeeping for ecommerce](https://media.insognacpa.com/hubfs/bookkeeping-ELGANJL.png)](https://media.insognacpa.com/blog/automated-bookkeeping-for-ecommerce-sellers) [eCommerce](https://media.insognacpa.com/blog/tag/ecommerce) 1 Min Read ### [Automated Bookkeeping for eCommerce Sellers](https://media.insognacpa.com/blog/automated-bookkeeping-for-ecommerce-sellers) [Chase Jul 4, 2022 1:44:51 PM](https://media.insognacpa.com/blog/author/chase) [![procrastinating filing your taxes](https://media.insognacpa.com/hubfs/procrastinating%20filing%20your%20taxes.png)](https://media.insognacpa.com/blog/procrastinating-on-filing-your-taxes) [Individual Tax](https://media.insognacpa.com/blog/tag/individual-tax) 2 Min Read ### [Procrastinating on Filing Your Taxes?](https://media.insognacpa.com/blog/procrastinating-on-filing-your-taxes) [![Picture of Chase Insogna, CPA](https://media.insognacpa.com/hubfs/Chase-Insogna-1024x1024.png) Chase Insogna, CPA Mar 6, 2023 1:54:13 PM](https://media.insognacpa.com/blog/author/chase-insogna-cpa) Insogna CPA 3355 Bee Cave Road, Suite 503 Austin TX 78746 (512) 891-8200 - [Contact Us](https://insognacpa.com/contact-us/) - [Customer Reviews](https://insognacpa.com/testimonials-and-reviews/) - [Careers at Insogna CPA](https://insognacpa.com/careers/) - [Privacy Policy](https://insognacpa.com/privacy-policy/) - [Texas Board of Accountancy License](https://www.tsbpa.texas.gov/php/fpl/frmlookup.php?x=T71ujVIEr%2Fg%3D) [Follow us on Facebook](https://www.facebook.com/InsognaCPAs) [Follow us on LinkedIn](https://www.linkedin.com/company/insognacpa-com/) [Follow us on Twitter](https://twitter.com/InsognaCPA) [Follow us on Instagram](https://www.instagram.com/insognacpa/) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Chase Insogna, CPA", "url" : "https://media.insognacpa.com/blog/author/chase-insogna-cpa" }, "dateModified" : "2023-03-06T20:07:29.302Z", "datePublished" : "2023-03-06T20:07:29.000Z", "headline" : "How New 1099 Rules Affect Your Taxes", "image" : [ "https://media.insognacpa.com/hubfs/1099%20forms.png" ], "mainEntityOfPage" : { "@id" : "https://media.insognacpa.com/blog/1099-rules-affect-your-taxes", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://media.insognacpa.com/hubfs/InsognaLogoSite2020.png" }, "name" : "Insogna CPA" } } ```