TaxBandits supports the filing of Form 1099 with both the Federal and State of Iowa.
A. Yes, the Iowa Department of Revenue requires the filing of the 1099 Forms only if there is a state tax withholding.
A. Iowa requires the filing of the following 1099 forms only if there is a state tax withholding.
A. Yes. The state of Iowa requires additional forms to file along with Form 1099.
Iowa has an additional requirement of Form 44-007 VSP (Withholding Annual VSP Report) to be filed only if there is a state tax withheld.
To know more about Iowa 1099 Form filing Requirements. Visit https://blog.taxbandits.com/new-jersey-iowa-state-w-2-and-1099-filing-is-due-today/
A. Form 44-007 VSP is an annual Verified Summary of Payments (VSP) used to report employee/payee earnings and Iowa state taxes withheld during the year.
A. The filing due date for both the Form 1099 & VSP Form 44-007 is February 18.
A. The State of Iowa mandates filing electronically if you are submitting one or more 1099s.
A. A penalty of 10% will be added to the tax due for failure to file 1099 forms if at least 90% of the correct amount of tax is not paid by the due date.
A. Mail your Form 1099s along with Form 44-007 VSP to the following address.