Illinois 1099 Filing Requirements
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Illinois State Filing
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Illinois 1099 Filing Requirements
- The Illinois Department of Revenue mandates the filing of 1099 forms, including 1099-NEC, 1099-MISC, 1099-INT, 1099-DIV, 1099-R, 1099-B, 1099-K,1099-G, and W-2G.
Deadline to File Form 1099-NEC is
January 31, 2024.Deadline to File other Form 1099 is
March 31, 2024.TaxBandits supports the filing of Form 1099 with the IRS and the State of Illinois.
Q. Does Illinois mandate 1099 filing?
A. Yes, the Illinois Department of Revenue mandates filing 1099 Forms only if the payment is reported.
Q. What types of 1099 forms does Illinois require?
A. Illinois requires filing the following 1099 form
Q. What are the Illinois 1099-NEC filing requirements?
A. Form 1099-NEC needs to be filed with the State of Illinois only if the payment is reported.
Q. What are the Illinois 1099-MISC filing requirements?
A. The state of Illinois requires you to file form 1099-MISC only if the payment is reported.
Q. What are the Illinois 1099-K filing requirements?
A. The state of Illinois mandates e-filing Form 1099-K for the payee if any payment is reported during the calendar year.
Q. What are the Illinois 1099-G filing requirements?
A. Form 1099-G must be filed with the State of Alabama if the payment is reported during the calendar year.
Q. What are the Illinois W2-G filing requirements?
A. The State of Illinois mandates filing Form W-2G if the payment is reported during the calendar year.
Q. Does Illinois have any additional forms to be submitted while filing 1099 Forms?
A. No, the State of Illinois does not require any additional form to be submitted with Form 1099
Q. What is the due date to file 1099 with Illinois?
A. The state of Illinois requires payers to File Form 1099 on or before March 31, 2024, except form 1099-NEC. The IRS Form 1099-NEC should be filed to the state of Illinois before January 31st.
If any of the deadlines fall on a weekend or federal holiday, the due date moves to the next business day.
Q. What are the penalties for not filing or filing 1099 late with Illinois?
A. Form 1099 should be filed to the state of Illinois before the deadline. In case you fail to file before the deadline or provide incorrect information, you are subject to penalties. Here are the penalties for not filing Form 1099.
| Duration | Penalty |
|---|---|
| If filed after 30 days from the deadline | $50/form |
| If filed after 30 days within August 1st | $110/form |
| Filed after August 1st | $290/form |