Mississippi Form 1099 & 89-140
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Mississippi State Filing
Select your State for 1099 Reporting Requirements
Mississippi State Filing Requirements
- For tax year 2020, the state of Mississippi mandates the filing of 1099 forms, including 1099-NEC, 1099-MISC, 1099-INT, 1099-DIV, 1099-R,
1099-B, & 1099-S.
- The state of Mississippi also mandates the filing of Form 89-140, Annual Information Return, when you paper file.
Mississippi Form 1099 Filing Deadline
February 28, 2021
The Mississippi Form 89-140 filing deadline is
January 31, 2021
TaxBandits supports the filing of Form 1099 with both the IRS and the State of Mississippi.
Q. Does Mississippi mandate 1099 filing?
A. Yes! The State of Mississippi mandates the filing of 1099 only if there is a state tax withholding.
Q. What types of 1099 forms need to be filed with the State of Mississippi?
A. The 1099 forms that reflect Georgia income tax withholding must be submitted to the state. Some of the 1099 forms are listed below:
Q. Does Mississippi require any additional forms to be submitted when filing 1099 forms?
A. Yes. The state of Mississippi expects you to submit additional forms based on the type of filing.
When you file 1099s electronically, you don’t have to file any additional forms. Here at TaxBandits, we support the e-filing of 1099s with Mississippi. You can create a FREE account with TaxBandits to e-file your 1099s.
If you choose to paper file 1099, you should submit both 1096 and Form 89-140 to the state.
Q. What is the deadline to file 1099 with Mississippi?
A. For the tax year 2020, the deadline to file 1099s with Mississippi is February 28, 2021. Form 89-140 should be filed on or before January 31, 2021. If you fail to file on time, the State Department will impose penalties.
Note: If the deadline falls on a weekend or federal holiday, the next day is the deadline.
Q. Can I electronically file 1099 forms with Mississippi?
A. Yes, the state of Mississippi supports the electronic filing of 1099s. It is mandatory to e-file with the state when filing 25 or more 1099s.
E-filing is the best option for hassle-free filing. If you prefer e-filing, TaxBandits is here to help you with that. We support all 1099s with the state of Mississippi. Plus, we distribute 1099 form copies to payees via postal mail.
Q. What are the 1099 penalties for Mississippi?
A. The State of Mississippi imposes 1099 penalties & interests for the following:
- Late filing of 1099 or not filing at all
- Paying the taxes late
- Failure to furnish employee copies
- Intentional disregard of filing requirements
|1099||Penalties & Interests|
|Late filing or not filing at all||$5/return with a minimum of $250 and a maximum of $10,000|
|Paying the taxes late||The penalty is 10% of your unpaid taxes. Interest is 1% of your unpaid taxes per month, and it will be calculated from the time it is due until you pay it.|
|Not furnishing form copies to employees||$5/return with a minimum of $250 and a maximum of $10,000|
$25/return with a minimum of $250 and a
maximum of $10,000
Q. Where do I mail 1099 forms when filing with the state of Mississippi?
A. You should only mail 1099 copies when you paper file. Paper filing is acceptable only when filing less than 25 1099s. For 25 or more 1099s, you must electronically file.
Usually, e-filing is the most convenient way to file your tax returns with the IRS and state. When you e-file, you can easily track your returns from anywhere.
If you still want to file 1099 forms by paper, send the forms with a copy of 1096 & Form 89-140
to the following address:
Withholding Tax Division
P.O. Box 23058
Jackson, MS 39225-3058
Get started with TaxBandits today and stay compliant with the state of Mississippi! Start Filing Now