Illinois 1099 Filing Requirements for 2023
The State of Illinois Mandates
1099 Filing!
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Illinois State Filing
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Illinois 1099 Reporting Requirements 2023
The State of Illinois mandates filing Form 1099 with the state agency under the
following conditions:
| Scenario | If there is any Illinois State Tax Withholding | If there is no Illinois State Tax Withholding |
|---|---|---|
| Payments Threshold | More than $0 | Follows Federal Threshold* |
| Due Date | March 31, 2024 | |
| Filing Method | Direct State Filing | |
| Additional Forms | Not Required | |
*The federal threshold varies based on the 1099 form types. Learn more about the federal thresholds for each
1099 form.
The State of Illinois requires the following Forms:
- Form 1099 (1099-NEC, 1099-MISC, 1099-K, 1099-INT, 1099-DIV, 1099-R, 1099-B, 1099-G, 1099-OID, W-2G).
- Form W-2 - Wages and Tax Statement. Learn more about Illinois W-2 State Filing Requirements.
TaxBandits supports Form 1099 and W-2 filing with both the Federal
and State.
Frequently Asked Questions
Does Illinois require 1099 filing?
Yes, the Illinois department of revenue mandates Form 1099 and W-2G to be filed directly with the state, even if there is any state tax withheld or not.
- The state of IL mandates Form 1099s to be filed electronically
Is there a payment threshold for Form 1099 with Illinois?
There is no specific threshold for reporting 1099s with the state of Illinois. Instead, the reporting requirements align with the federal guidelines. The payer should assess and file a Form 1099 based on the applicable federal threshold for each specific form.
| Forms | Threshold |
|---|---|
| Form 1099-NEC | $600 |
| Form 1099-MISC | $600 |
| Form 1099-K | $20,000* |
| Form 1099-INT |
|
| Form 1099-DIV |
|
| Form 1099-R | $10 |
| Form 1099-B | - |
| Form 1099-G | - |
| Form 1099-OID | $10 |
| Form W-2G |
|
*Note: The state mandates Form 1099-K to be filed if the IRS requires the payer to e-file 1099-k or the payee has four or more transactions with a total exceeding $1,000
What types of 1099 forms does Illinois require?
Illinois mandates the filing 1099-K and W-2G.
You may also choose to file the following forms voluntarily with the state of Illinois.
Does Illinois require additional forms when filing 1099 forms?
No, the State of Illinois does not require any additional form to be submitted with Form 1099
When is Illinois 1099 due for 2023 tax year?
The due date for filing Form 1099 with Illinois is March 31. If this due date falls on a weekend or federal holiday, the next business day will be the deadline.
What are the penalties for not filing or filing 1099 late with Illinois?
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 |
For more information, please visit the State website: https://tax.illinois.gov/
