Kentucky 1099 Filing Requirements
The State of Kentucky Mandates
1099 Filing!
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Kentucky State Filing
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Kentucky 1099 Reporting Requirements
The State of Kentucky mandates filing Form 1099 with the state agency under the following conditions:
| Scenario | If there is any Kentucky State Tax Withholding | If there is no Kentucky State Tax Withholding |
|---|---|---|
| Payments Threshold | More than $0 | No Filing Required |
| Due Date | January 31, 2024 | |
| Filing Method | Direct State Filing | |
| Additional Forms | Transmitter Report for Filing Kentucky - Form 42A806 |
The State of Kentucky requires the following Forms:
- Form 1099 (1099-NEC, 1099-MISC, 1099-K, 1099-INT, 1099-R, 1099-DIV, 1099-B, 1099-G, 1099-OID and W-2G)
- Form W-2 - Wages and Tax Statement. Learn more about Kentucky W-2 State Filing Requirements.
TaxBandits supports Form 1099 and W-2 filing with both the Federal
and State.
Frequently Asked Questions
Does Kentucky require 1099 filing?
Yes, the Kentucky Department of Revenue mandates direct filing of the 1099 Forms if you have withheld state taxes.
Form W-2G :
Every person making a payment of gambling winnings in Kentucky that is subject to federal tax withholding shall deduct and withhold from the payment Kentucky income tax.
What types of 1099 forms need to be filed with the State of Kentucky?
Kentucky requires the filing of the following 1099 forms only if there is state tax withholding:
Does Kentucky require additional forms when filing 1099 forms?
Yes, the state of Kentucky requires an additional Form 42A806 (Transmitter Report for Filing Kentucky) to be paper filed along with Form 1099 only if there is state tax withholding.
For those who opt for paper filing, Kentucky provides an exclusive form known as Form K-5, Employer’s Report of Withholding Tax Statements. This form should be used instead of the standard 1099 form when filing on paper. It's important to note that Form K-5 is applicable only when filing 25 or fewer forms.
When you efile 1099 with TaxBandits, You need to take care of the Form 42A806 (Transmitter Report for Filing Kentucky) and Form K5
When is Kentucky 1099 due?
The due date for filing Form 1099 with Kentucky is January 31. If this due date falls on a weekend or federal holiday, the next business day will be the deadline.
Can I electronically file 1099 forms with Kentucky?
Yes, Kentucky supports the electronic filing of 1099s. It is mandatory to E-file 1099 with the state when filing 25 or more forms.
What are the 1099 penalties for Kentucky?
Penalties and interests will be applicable under the following circumstances:
| 1099 or K-5 penalty type | Penalty rate | Interest rate |
|---|---|---|
| Late filing of 1099 or K-5 | 2% of the total tax due for each 30 days from the original deadline. The maximum penalty is 20 percent of the total tax due. The minimum penalty is $10.00 | 5% |
| Late payment of taxes | 2% of the total tax due for each 30 days from the original deadline. The maximum penalty is 20 percent of the total tax due. The minimum penalty is $10.00 | 5% |
| Underpayment of estimated income tax or limited liability entity tax | Estimated income tax multiplied by the tax due interest rate. No maximum or minimum penalty. | 5% |
| Failure to file or furnish recipient information | 5% of the estimated tax due for each 30 days from the original deadline. The maximum penalty is 50 percent of the tax assessed. The minimum penalty is $100. | 5% |
Where do I mail 1099 forms when filing with the State of Kentucky?
If you want to paper file Form K-5 and 42A806, send the forms to the following Paper mailing address:
Paper Processing
P. O. Box 856950
Louisville, KY 40285-6950
For more information, please visit the State website: https://revenue.ky.gov/Pages/index.aspx
