March 31 is Almost Here: Have You Filed Your 1099 and 1095 Forms Yet?

reading time: 18 minute(s)

We’re deep into tax season, and if you’re a U.S. business owner, tax professional or insurer, the pressure is on. The March 31, 2025, deadline for filing Forms 1099 and 1095 is just around the corner, and time is quickly slipping away. Between navigating a sea of forms, double-checking recipient details, and keeping up with ever-evolving IRS rules, the stress can start to mount. But don’t worry—it doesn’t have to be a chaotic scramble. 

With TaxBandits in your corner, you can breeze through your 1099 and 1095 filings and confidently hit that deadline. The clock is ticking, but with the right support, it’s still well within your reach—let’s get it done!

Key Tax Forms Due by March 31, 2025

The March 31, 2025, deadline for e-filing is crucial for many. If you’re one among those racing against the clock to get your tax forms submitted, here’s a closer look at what’s at stake:

• 1099 Forms: Businesses must file several 1099-series forms to report payments made during the year. While the January 31 deadline for 1099-NEC has already passed, many other 1099 forms still need to be filed by the end of this month. The most common forms include,
  • 1099-MISC: For reporting miscellaneous income like rent, prizes, and awards.
    
  • 1099-INT: For reporting interest income from financial institutions.
    
  • 1099-DIV: For reporting dividends and distributions from investments.
    
  • 1099-K: For reporting payment card and third-party network transactions.
    
  • 1099-B: For reporting broker and barter exchange transactions.
    
  • 1099-S: For reporting the sale of real estate.
    
  • 1099-A: For reporting acquisition or abandonment of secured property.
    
  • 1099-PATR: For reporting patronage dividends.
    
  • 1099-SA: For reporting distributions from HSAs, Archer MSAs, or Medicare Advantage MSAs.
    
  • 1099-OID: For reporting original issue discount on bonds and other debt instruments.
    
  • 1099-LTC: For reporting long-term care benefits.
    
  • 1099-QA: For reporting distributions from ABLE accounts.

• Forms 1095-B & 1095-C: Employers and insurance providers are also responsible for filing the ACA-related forms 1095-B and 1095-C. These forms report health coverage information provided to employees, ensuring compliance with the Affordable Care Act (ACA). Form 1095-C is particularly important because it includes codes that indicate the type of health coverage offered, which is crucial for avoiding penalties and ensuring proper reporting to the IRS.

• Additional Forms: The 1098-series Forms (1098, 1098-T, 1098-E, and 1098-F), Form 3921,3922, and 8027 must also be e-filed by this deadline.

Don’t Risk Penalties—File on Time

Failing to file Forms 1099 and 1095 on time can result in significant IRS penalties, so ensuring timely filings is crucial.

• Form 1099 Penalties – Depending on how late you file, you may face fines ranging from $60 to $660 per form. Penalties increase substantially if forms are submitted more than 30 days past the deadline.
• ACA Form 1095 Penalties – Failure to file or provide incorrect information on Forms 1095-B and 1095-C may result in $330 per return penalties; total penalties can reach up to $3,987,000 annually.

These penalties underscore the importance of meeting the March 31st deadline. TaxBandits simplifies the filing process, providing a secure, efficient, and user-friendly solution to submit your forms accurately and on time—helping you avoid costly fines.

Need More Time? Secure Your Extension Now

If you’re feeling the pressure of the March 31 deadline, don’t worry—TaxBandits makes it easy to file for an extension and buy yourself the time you need. Whether you’re tackling complex 1099 filings or finalizing your ACA reporting, an extension can offer you the breathing room necessary to avoid costly mistakes.

• Form 8809–Extend Your Filing Deadline:  Get an automatic 30-day IRS filing extension for most 1099 and 1095 forms.

• Form 15397–Extra Time for Recipient Copy Distribution: If you need extra time to furnish recipient/employee copies, you can submit Form 15397 to request a 30-day time extension. This request must be faxed to the IRS before the deadline. TaxBandits can handle the faxing process on your behalf.

Meet the Deadline Effortlessly with TaxBandits

TaxBandits is designed to make e-filing 1099 and ACA 1095 forms quick, easy, and accurate, even if you’re filing at the last minute. Our intuitive platform streamlines the entire process, ensuring your compliance is effortless and stress-free.

Why TaxBandits Is Your Best Choice for Last-Minute Filing

• Effortless Federal & State Filing
  E-file your 1099 and 1095 forms with both federal and state. We also handle state-specific reporting for ACA forms, including required reconciliation forms, so you don’t have to worry about missing a thing.
• Bulk Upload for Faster Processing
  Save time by importing your 1099 filing data in minutes using our standard CSV template or your own file. For ACA 1095 forms, you can use our Excel template to import data effortlessly.
• Smarter Filing with Built-In Error Checks
  No more second-guessing! TaxBandits automatically validates your data, catching errors before submission to reduce rejections and penalties.
• Seamless Recipient/Employee Copy Distribution for 1099 and 1095 
  Easily send recipient and employee copies via postal mail, secure online access, or both. We ensure your recipients and employees get their forms on time, with zero hassle.
• AI Assistance & World-Class Customer Support
  Our AI assistant, BanditAI, provides real-time guidance while you file. If you prefer human support, our dedicated team is available via phone, email, and live chat.
• E-File Extension Requests with Ease
  Need more time to file your 1099 and 1095 forms? TaxBandits allows you to e-file Form 8809 and fax Form 15397 in minutes, granting you a 30-day extension to stay compliant without the stress.
• Security You Can Trust
  As a SOC 2-certified company, TaxBandits prioritizes your data security with top-tier protection against unauthorized access and breaches.

Exclusive Features for Tax Pros

TaxBandits offers scalable tools for CPAs, firms, and enterprises via a Pro Account, packed with time-savers like:

• Secure Client Portal: Enable your clients to review forms, message securely, and manage documents in the secure, customized portal.
• Team Management: Invite teammates and assign roles (preparer, approver, transmitter) to enhance collaboration and streamline the filing process.
• Detailed Reports: Get insights from reports on filings, clients, and team performance to make smarter decisions.

Beat the Buzzer: E-File Now

With time running out, you must act now to meet the March 31 deadline! TaxBandits makes e-filing fast, accurate, and secure so you can stay compliant without the stress.

Get started and file 1095-C, 1095-B, and 1099 forms before it’s too late!