E-File Your Kentucky 1099 Forms With Ease

Businesses in Kentucky must file various 1099 forms to report state income tax withholding. These include

• Form 1099-NEC – Nonemployee Compensation
• Form 1099-MISC – Miscellaneous Information
• Form 1099-B – Proceeds from Broker and Barter Exchange Transactions
• Form 1099-DIV – Dividends and Distributions
• Form 1099-G – Certain Government Payments
• Form 1099-INT – Interest Income
• Form 1099-K – Payment Card and Third-Party Network Transactions
• Form 1099-OID – Original Issue Discount
• Form 1099-R – Distributions from Pensions, Annuities, etc.
• Form W-2G – Certain Gambling Winnings

Filing these forms ensures compliance with the Kansas Department of Revenue.

For the 2024 tax year, Kentucky 1099 forms that include state income tax withholding must be filed by January 31, 2025, aligning with federal deadlines. Forms without state withholding are also due by this date. If the deadline falls on a weekend or holiday, it extends to the next business day. Timely filing helps avoid penalties.

Late Filing:

A penalty of 2% of the total tax due will be imposed for each 30-day period, or fraction thereof, that the tax return or report is late. The maximum penalty is 20% of the total tax due, with a minimum penalty of $10.00.

Failure to File:

A penalty of 5% of the estimated tax due, as assessed by the Department of Revenue, will be applied for each 30-day period, or fraction thereof, that the return or report is not filed. The maximum penalty is 50% of the tax assessed, and the minimum penalty is $100.