Does Iowa require state 1099 tax filing?
Iowa requires any Form 1099s with state withholding to be filed directly with the Iowa Department of Revenue.
Which forms does Iowa require?
Iowa requires filing the following Forms 1099 if there are state tax withheld:
How must Forms 1099 be filed with Iowa?
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 deadlines for Iowa 1099 Reporting?
Traditionally, the filing deadlines for e-filing with the state of Iowa is February 15th.
If this deadlines fall on a weekend or legal holiday, then the due date is typically the following business day.
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
There is also a $500 civil penalty* for each payer for each occurrence of the following:
- Willful failure to furnish or furnish late an employee, nonresident, or other person with an income statement.
- Willfully furnishing a false or fraudulent statement w/payee.
- Willful failure to file or late file an income statement with the Department.
- Willfully filing a false or fraudulent statement with the Department.
*This penalty applies to statements due on or after July 1, 2022.
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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