Yes, the Mississippi Department of Revenue requires the filing 1099 Forms.
Yes, but you need to file 1099 directly with the State Department of Revenue.
You must file the required 1099 forms even if there is no state tax withholding.
Yes, the state of Mississippi mandates filing the Annual Reconciliation Form 89-140 with 1099 forms if you chose to paper file.
Form 89-140 is an Annual Reconciliation used to report the total income taxes withheld from individuals.
The filing due date for both is the last day of February.
The state of Mississippi suggests filing electronically if you are submitting 25 or more 1099s. The State heavily suggests you file 1099 online if you are filing fewer than 25 forms.
Penalty for failing to file an information return or to furnish a required statement is $5.00 per statement, with a minimum of $250.00, and up to a maximum of $10,000.00 for each reporting account. Learn more about the Form 1099 penalties in detail by visiting https://www.taxbandits.com/form-1099-series/1099-penalties/.