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#2280132 - 01/23/23 04:35 PM 1099 Tax Reporting Requirements
BSL87 Offline
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Joined: Dec 2022
Posts: 11
Are financial institutions required to file 1099 (A,B,C,INT,MISC,NEC) forms with various states or just the IRS?

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Operations Compliance
#2280141 - 01/23/23 05:20 PM Re: 1099 Tax Reporting Requirements BSL87
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
This is a complex question, and you would have to research all the States in question. Most States participate in information sharing with the IRS I believe. For example, here are the Michigan rules.

https://www.michigan.gov/taxes/business-taxes/incomestatement/income-record-form-remittance-guide
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