The Mississippi Department of Revenue (DOR) Sept. 11 announced that it would require all withholding taxpayers filing wage or withholding informational returns with ten or more W-2s or 1099s to file electronically for tax years beginning on or after Jan. 1 and all subsequent tax years. Failure to file returns electronically may subject taxpayers and tax preparers to a penalty of $25 for the first instance of noncompliance and $500 for each additional instance. [Miss. Dep’t of Revenue, News Release, 09/11/24]
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