E-File Your New Jersey 1099 Forms With Ease

Businesses in New Jersey must file various 1099 forms, including

• 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

These forms ensure compliance with the New Jersey Division of Taxation’s requirements.

Yes, businesses must file Form NJ-W-3, the New Jersey Employer’s Annual Reconciliation of Income Tax Withheld. This form reconciles the total state income tax withheld during the year with the amounts reported on W-2 and 1099 forms. Timely filing is essential to avoid penalties.

The deadline for filing 1099 forms with New Jersey, including those with state income tax withholding, is February 15, 2025. Forms without withholding must also be submitted by this date. If the deadline falls on a weekend or holiday, it is extended to the next business day.

Missing the deadline may result in penalties and interest charges. Late filings can also increase scrutiny from the New Jersey Division of Taxation, complicating compliance efforts.

• Late Filing Penalty for 1099 Forms in New Jersey:
  If you fail to file your 1099 forms by the due date or extended due date, New Jersey may impose a Late Filing Penalty. The penalty is 5% of the tax due for each month (or part of a month) the return is late. The maximum penalty is 25% of the balance due, plus an additional $100 for each month the return is delayed.
• Late Payment Penalty for 1099 Forms in New Jersey:
  In addition to interest, New Jersey may charge a Late Payment Penalty of 5% of the tax due if the payment is not made on time.