Massachusetts Form 1099-K Reporting

Massachusetts now mandates filing Forms 1099-K with the department of revenue when the gross amount paid in settlement in a calendar year is $600 or greater.

Third party settlement organizations, TPSOs and other Massachusetts filers can use our 1099 software to comply with these new Mass 1099-K reporting requirements.

Summary of requirements:

1.New reporting requirements are effective beginning with Forms 1099-K filed for 2017 calendar year.

2.Forms 1099-K filed for 2017 calendar year must be provided to payees by January 31, 2018 and must be filed with Mass DOR by February 28 or March 31 if filed electronically.

3.The new reporting requirements apply to third party settlement organizations, or TPSOs

4.The reporting threshold is $600.

5.Where a filer has a Massachusetts Form 1099-K reporting obligation but is not required to file Form 1099-K with the IRS, the filer may file with the Department using IRS Form 1099-K.

6.The mailing address for filing on paper is:

Massachusetts Department of Revenue
P.O. Box 7045
Boston, MA 02204

7.The website to upload 1099-Ks to Mass DOR is MassTaxConnect (MTC).

Please visit the link below to learn more about w2 Mate W2 / 1099 Software:

https://www.realtaxtools.com/1099software/1099software.html

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