Florida 1099 Filing Requirements
The State of Florida Mandates
1099-K Filing!
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and State. - Distribute recipient copies via Postal Mail and Secure Online Access
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Florida State Filing
Select your State for 1099 Reporting Requirements
Florida 1099 Reporting Requirements
The State of Florida mandates filing Form 1099-K with the state agency under the
following conditions:
| Scenario | If there is any Florida State Tax Withholding | If there is no Florida State Tax Withholding | |
|---|---|---|---|
| Payments Threshold | $5000 | ||
| Due Date | April 30 | ||
| Filing Method | Direct State Filing | ||
| Additional Forms | No Additional Forms Required | ||
TaxBandits supports Form 1099 with both the Federal
and State.
Frequently Asked Questions
Does Florida require 1099 filing?
Yes, the Florida Department of Revenue requires the filing of Form 1099-K if it is filed with the federal government, irrespective of state tax withholding.
Does Florida have a specific payment threshold for filing Form 1099-K?
There is no specific threshold for filing Form 1099-K in the state of Florida. Reporting requirements in the state align with the IRS threshold guidelines, that is:
- Payment settlement entities must file Form 1099-K if the payment received through third-party network transactions is more than $20,000 and there were over 200 transactions during the year.
What types of 1099 forms does Florida require?
The State of Florida only requires the filing of Form 1099-K. The state does not mandate the filing of any other types of 1099 forms.
Does Florida require additional forms when filing Form 1099-K?
No, the State of Florida does not require any additional Forms to be filed along with the
Form 1099-K.
What are the Florida 1099-NEC filing requirements?
The Florida Department of Revenue does not require filing Form 1099-NEC or any other 1099 forms (except 1099-K) with
the state.
When is Florida 1099-K due?
The deadline to file Form 1099-K with Florida is 30 days after the federal 1099-K due date, which falls on April 30th.
If the due date falls on a weekend or federal holiday, the next business day is the deadline.
Can I electronically file Form 1099-K with Florida?
Yes, you can electronically file your Form 1099-K with the state of Florida. In fact, it is the only filing method accepted by the state
of Florida.
What are the penalties for not filing Form 1099-K with Florida?
A penalty of $1,000 per month, up to a maximum of $10,000 per year, may be imposed for failure to file the Form 1099-K within the due date.
For more information, please visit the
State website:
https://floridarevenue.com/taxes/compliance/Pages/reporting1099k.aspx
