Alabama: 1099 State Filing Requirements
3.9k views |
Last modified 1/4/2024 1:40:19 AM EST |
Added by TaxBandits Team
The Alabama Department of Revenue mandates the filing of the 1099 Forms if,
- There is a state tax withholding.
- There is even no state tax withholding, but the total reportable payment exceeds $1500 (Alabama State Threshold)
In case there is no state tax withholding, and the total reportable payment is less than $1500 but exceeds the Federal threshold, the IRS will automatically forward your federal 1099 forms to the state agency since Alabama is part of the CF/SF program.
TaxBandits supports the e-filing of Form 1099 and Annual Reconciliation FORM A-3 with both the Federal and State of Alabama.
What to be filed
Form 1099 - (1099-NEC, 1099-MISC, 1099-INT, 1099-DIV, 1099-R, 1099-B, 1099-G & 1099-K, 1099-OID
W-2G)
Form A-3 - Annual Reconciliation of Alabama Income Tax Withheld
Due Date
The due date to file 1099 with Alabama is based on the income taxes withheld.
- If taxes are withheld, Form 1099 and Form A-3 are due by January 31.
- If there are no taxes withheld, Form 1099 is due by March 15.
- Forms 1099-K is due within 30 days after the Federal due date, i.e., April 30, 2024.
If the due date falls on a weekend or federal holiday, the next business day is the deadline.
Penalty
A penalty of 10% of the tax due or a minimum of $50, whichever is higher, will be imposed for each form 1099 not filed on time and late payment with the state of Alabama.
For more information about Alabama 1099 Reporting Requirements, click here.