North Carolina: 1099 State Filing Requirements
3.6k views | Last modified 1/5/2024 12:52:39 AM EST | Added by TaxBandits Team

The North Carolina Department of Revenue mandates the filing of 1099 Forms

• If there is any state tax withholding, you must file 1099 Forms directly with the state.
• If there is no state tax withholding, the IRS will automatically forward your federal 1099 forms to the state agency since North Carolina is part of the CF/SF program.

TaxBandits supports the e-filing of Form 1099 with both the Federal and State of North Carolina. However, we do not support filing the Annual Withholding Reconciliation “Form NC-3” with the state, and the payer is responsible for filing the form before the deadline.

What to be filed

• Form 1099 - (1099-NEC, 1099-MISC, 1099-INT, 1099-DIV, 1099-R, 1099-B,1099-OID, 1099-K & W-2G). Please note that the State of North Carolina requires Form 1099-R to be filed only if the recipient's address is located in North Carolina, even if there is no state tax withholding.
• Form NC-3 - Annual Withholding Reconciliation.

Due Date

The due date to file all 1099 and NC-3 with North Carolina except 1099-K is January 31. For form 1099-K, the due date is March 31.

Penalty

• Failure to file a Form 1099 timely ($50 per day with a maximum of $1,000)
• Failure to file a Form 1099 in the proper format ($200)
• Failure to file a tax return on the date it is due (5% per month with a maximum of 25% on the amount of additional tax due)
• Failure to pay tax when due (10% on the amount of additional tax due)

For more information about North Carolina 1099 Reporting Requirements, click here.