Yes, the Virginia Department of Revenue requires the filing of 1099 Forms.
No, the state of Virginia does not participate in the CF/SF program.
You must file the required 1099 forms only if there is a state tax withholding.
Yes, the state of Virginia mandates filing the Annual Reconciliation Form VA-6/VA-6H along with 1099 Forms if there is state tax withholding.
Form VA-6 must be filed by employers registered in Virginia or withholding Virginia income tax for 1099 payment.
Form VA-6H is filed annually by household employers for reporting and paying the Virginia tax withheld from 1099 payments.
The filing due date for both Form 1099 & VA-6/VA-6H is the last day of January.
The State of Virginia suggests filing electronically if you are submitting 50 or more 1099 Forms.
A penalty of 6% of the tax due will be added to the tax for each month or any part of a month that the return is not filed or the tax is not paid. The maximum penalty is 30% of the tax due. An additional amount of 2% interest for the tax due would be charged for late payment and filing. Learn more about the Form 1099 penalties in detail by visiting https://www.taxbandits.com/form-1099-series/1099-misc-penalties/.