Vermont 1099 Reporting Requirements

Q. Does Vermont mandate 1099 filing?

A. Yes, the Vermont Department of Taxes mandates the filing of the 1099 Forms only if there is state tax withholding.

Q. What types of 1099 forms does Vermont require?

A. Vermont requires the filing of the following 1099 forms only if there is state tax withholding.

• 1099-MISC
• 1099-INT
• 1099-DIV
• 1099-R
• 1099-B

Q. Does Vermont have any additional requirements when you file 1099 forms?

A. Yes. Vermont also has an additional form WHT-434 (Reconciliation) to be sent if there is a state tax withheld to filed along with Form 1099.

Q. What is Form WHT-434?

A. Form WHT-434 is an Annual Reconciliation used to report the total income taxes withheld from employees/contractors.

Q. What is the due date to file 1099 with Vermont?

A. The filing due date for both Form 1099 and WHT-434 is January 31.

Q. What are the requirements to file 1099 electronically with Vermont?

A. The State of Vermont suggests filing electronically if you are submitting 25 or more 1099s.

Q. What are the penalties for not filing or filing 1099 late with Vermont?

A. The penalty for failing to file a tax return is 5% per each month that the return remains unfiled. Returns filed more than 60 days after the original due date are assessed a $50 late filing penalty, even if no tax is owed unless an extension has been filed. The maximum civil penalty is 25% of the unpaid tax due.

Q. Where do I mail Vermont 1099 forms?