New Jersey: 1099 State Filing Requirements
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Last modified 1/5/2024 12:39:36 AM EST |
Added by TaxBandits Team
Applicable To
94X
1099
W-2
ACA
W-4
The New Jersey Division of Taxation mandates the filing of the 1099 Forms
- If there is any state tax withholding, you must file 1099 Forms since New Jersey is part of the CF/SF program
- If there is no state tax withholding, and the payment or credit exceeds $1000, the IRS will automatically forward your federal 1099 forms to the state agency since New Jersey is part of the CF/SF program.
- The State mandates only efiling when you file a 1099 with the state.
TaxBandits supports the e-filing of Form 1099 with both the Federal and State of New Jersey. However, we do not support filing the RECONCILIATION OF TAX WITHHELD “Form NJ-W-3M” with the state, and the payer is responsible for filing the form before the deadline.
What to be filed
- All 1099s (TaxBandits supports 1099 MISC, 1099 NEC,1099 INT, 1099 DIV, 1099 B, 1099 R, 1099 K, 1099 G, 1099 OID, W-2G)
- Form NJ-W-3M - Division of Taxation Gross Income Tax Reconciliation of Tax Withheld
Due Date
The due date to file 1099 and NJ-W-3M with New Jersey is February 15.
Penalty
Late filing of Form 1099
- If you e-file 1099 late, you may be charged $100.00 per month as a penalty.
Late payment of state taxes
- If you pay taxes late, you may be charged 5% of your tax due.
Underpayment of state taxes
- You may be charged 5% of your unpaid taxes each month you delay. It will not exceed 25% of your tax liability.
For more information about New Jersey 1099 Reporting Requirements, click here.