Yes. The Vermont Department of Taxes mandate 1099 filing.
Yes, The state of Vermont participates in the CF/SF program, but you are still required to file 1099 forms directly with the state.
You must file the required 1099 forms only if there is state tax withholding.
Yes. Filing Form WHT-434 as part of your 1099 tax filing.
The Form WHT-434 is an Annual Withholding Reconciliation form and must be filed to the Vermont Department of Taxes as part of the process of filing 1099 forms.
The due date to file Forms WHT-434 and 1099 online is the last day of January.
The Commissioner of Taxes of Vermont mandates the electronic filing of Form WHT-434 and all accompanying forms when you submit 25 or more 1099 forms.
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.