- Loading...
Page History
...
UI Text Box | ||||
---|---|---|---|---|
| ||||
FOR TAX YEAR 2021, Form 1099-NEC will participate in the Combined Federal State Filing Program (CF/SF). Through CF/SF, the IRS electronically files original and corrected information returns to participating states for approved filers. For the many states who implemented their own NEC filing mandates in Tax Year 2020 (reportable in 2021), there is speculation that state direct filing may be required IN ADDITION to a state's CF/SF participation. Why? State direct filing gives states greater control of NEC data than CF/SF, provides the data to states earlier in the year, and is a critical tool in combatting combating tax fraud. 1099 Pro is actively monitoring state filing requirements for the upcoming tax season. We encourage you to bookmark this page and check back regularly. Customers should be prepared to submit NEC state filings to all states, as required. |
...