Does Iowa require state 1099 tax filing?
Iowa requires many Form 1099s with state withholding to be filed directly with the Iowa Department of Revenue, including Forms 1099-NEC, 1099-MISC, 1099-INT, and 1099-DIV, all of which BoomTax supports.
Iowa accepts e-filing only. Business that issued W-2s or 1099s with Iowa withholding must e-file using GovConnectIowa.
If businesses did not withhold any Iowa taxes during the tax year, then filing is not required.
Does Iowa participate in Combined Federal/State Filing?
No, Iowa does not participate in Combined Federal/State Filing.
What are the 1099 penalties for Iowa?
The 1099 penalties for Iowa are as follows:
- Late filing: Penalty of 5% of unpaid tax
- Late payment: Penalty of 5% of unpaid tax
- Audit or examination deficiency: Penalty of 5% of unpaid tax
- Fraud or willful failure to file: Penalty of 75% of unpaid tax
-
Civil Penalty: Penalty of $500 per frivolous return
- A frivolous return is a return that lacks sufficient information
- Failure to file after demand: Penalty of $1,000 if taxpayer fails to file 90 days after the Department issues a demand letter
- Failure to file or pay electronically: Penalty of 5% will be added to the tax due
Please see the Iowa DOR Penalties webpage for more information.
What is the responsible state agency?
Iowa Department of Revenue
Hoover State Office Building, 4th Floor
1305 E. Walnut
Des Moines, IA 50319
(515) 281-3114
What about other states?
BoomTax, The Boom Post, and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors prior to engaging in any transaction.
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