South Carolina 1099 Filing Requirements
The State of South Carolina
1099 Filing!
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South Carolina State Filing
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South Carolina 1099 Reporting Requirements
The State of South Carolina mandates filing filing Form 1099 with the state agency under the
following conditions:
| Scenario | If there is any South Carolina State Tax Withholding | If there is no South Carolina State Tax Withholding |
|---|---|---|
| Payments Threshold | Follows Federal Threshold* | |
| Due Date | January 31, 2024 | |
| Filing Method | Direct State Filing | CF/SF |
| Additional Forms | Form WH-1606 (SC Withholding Fourth Quarter And Annual Reconciliation Return) Form WH-1612 Transmittal Form for W-2s or 1099s) | 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 South Carolina requires the following Forms:
- Form 1099 (1099-NEC, 1099-MISC, 1099-INT, 1099-DIV, 1099-R, 1099-B, 1099-G, 1099-K, 1099-OID, and W-2G).
- Form W-2 - Wages and Tax Statement. Learn more about South Carolina W-2 State Filing Requirements.
TaxBandits supports Form 1099 and W-2 filing with both the Federal and State.
Frequently Asked Questions
Does South Carolina require 1099 filing?
Yes, the South Carolina Department of Revenue mandates the filing of 1099 Forms.
- If there is any state tax withholding, you must file 1099 Forms directly with the state.
- If there is no state tax withholding, the IRS will automatically forward your federal 1099 forms to the state agency since South Carolina is part of the CF/SF program.
Does South Carolina have a specific payment threshold for Form 1099 filing?
No, South Carolina does not have a specific payment threshold for reporting Form 1099Reporting requirements in the state align with federal guidelines. Payers are required to assess and file a Form 1099 based on the applicable federal threshold for each specific form. Below are the various Federal thresholds for Form 1099.
| 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 |
|
Does South Carolina require the filing of Form 1099-NEC?
The State of South Carolina requires Form 1099-NEC to be filed only if there is state withholding.
What types of 1099 forms does South Carolina require?
Does South Carolina require additional forms when filing 1099?
Yes, South Carolina requires the following Withholding Tax Reconciliation Form along with your 1099.
- Form WH-1606 (SC Withholding Fourth Quarter And Annual Reconciliation Return) is a reconciliation filed along with 1099 Forms.
- Form WH-1612 (Transmittal Form for W-2s or 1099s) is a transmittal form filed with 1099 Forms.
Both the additional forms is to be filed along with 1099 depending on the method of filing:
- When you e-file, you are required to submit only Form WH-1606 and WH-1612 with your 1099.
- If you paper file, you have to submit both WH-1606 and 1096.
When you efile 1099 with TaxBandits, you need to take care of Form WH-1606.
When is South Carolina 1099 due?
The filing deadline for Form 1099, Form WH-1606 and Form WH-1612 is January 31. If this due date falls on a weekend or federal holiday, the next business day will be the deadline.
For the 2023 tax year, the deadline for filing 1099 Forms with South Carolina is January 31, 2024.
What are the requirements to file 1099 electronically with South Carolina?
Payers are required to file 1099 electronically with the State of South Carolina if they submit 10 or more returns. Furthermore, it is recommended for payers who file fewer than 10 returns to opt for electronic filing for
faster processing.
What are the penalties for not filing or filing 1099 late with South Carolina?
If you fail to file Form 1099 on time or pay the taxes after the due date, you may be subject to penalties.
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Penalties for filing 1099 late
The penalty would be 5% of your taxes with an additional 5% each month you delay filing 1099 from the original filing date.
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Penalties for not paying the state withholding tax
You will be charged 0.5% of your taxes each month, plus 0.5% of interest each month until you pay.
Where do I mail the South Carolina 1099 forms?
Mail your Form 1099s along with Form WH-1606 and Form WH-1612 to the following address.
PO Box 125,
Columbia SC 29214-0022
For more information, please visit the State website: https://dor.sc.gov/
