Massachusetts DOR Issues Income Tax Information Regarding Form 1099 Filing Requirements

The Massachusetts Department of Revenue (DOR) April 6 issued information regarding filing requirements for the different types of annual Form 1099 reports of interest, dividends, and other taxable income, for individual income and corporate income tax purposes. The information includes that: 1) most 1099 reports are due on March 31 if filed electronically or Feb. 28 if filed on paper; 2) annual reports must be filed directly with the DOR, even if the transmitter participates in the Internal Revenue Service Combined Federal/State Filing Program; 3) nonemployee compensation should be reported on Form 1099-NEC and not Form 1099-MISC; 4) Form 1099-INT ...