New Jersey 1099 Filing Requirements 2024

The deadline for submitting Form W2 and Form NJ-W-3M is the same as filing Form 1099, i.e. February 15.

Note: If this date falls on a weekend or federal holiday, the following business day becomes the deadline for submission.

In New Jersey, you need to file Form 1099 if either of the following conditions is met:

• You made payments of $1,000 or more to a recipient in a calendar year.
• New Jersey income tax was withheld from the payments you made.

Note: Tax regulations can change, so it's important to check the latest state tax guidelines for any updates or modifications to these requirements.

The deadline to file 1099 forms with New Jersey is February 15

You should not mail 1099 form copies to the state as it accepts only electronic filing. Let Tax1099 handle it for you to eFile 1099 forms.

In the state of New Jersey, penalties and interest may be applied for the following:

• Late 1099 e-filing:

• $100.00 per month for delayed filing.

• Late state tax payment:

• 5% of tax due.

• Underpayment of state taxes:

• 5% monthly fee, max 25% of tax liability.

• Interest:

• 6.25% monthly on unpaid taxes from the original due date.

In the state of New Jersey, penalties and interest may be applied for the following:

• Late submission of W-2:

• Penalty of $100.00 per month for delayed filing.

• Delayed payment of state withholding taxes:

• 5% penalty of the tax due for late payment.

• Insufficient payment of state taxes:

• Penalty of 5% of the unpaid taxes each month, not exceeding 25% of the tax liability.

• Accumulated interest:

• 6.25% of the unpaid taxes per month for each month of delay beyond the original deadline.

Yes, New Jersey requires 1095 filing for employers and health coverage providers offering Minimum Essential Coverage to New Jersey residents. They are obligated to file a 1095 form to report this information and distribute form copies to the recipients.

New Jersey has specific requirements for 1095 forms filing. Employers and health coverage providers in the state are required to submit the following 1095 forms:

• Form 1095-B
• Form 1095-C (Fully completed/ Parts I and III completed)
• Form NJ-1095

Tax1099 an IRS-approved service, provides a simple and secure online e-filing solution for New Jersey forms.

The Division of Taxation in New Jersey has instituted a mandatory requirement for electronic filing of W-2s and 1099s.
This directive encompasses various important forms, including Forms NJ-W-3, W-2, W-2G, and all types of 1099s
To comply with this electronic filing mandate efficiently and accurately, utilize Tax1099, a platform that streamlines the e-filing process for W-2s and 1099s, ensuring seamless submission and compliance with New Jersey's tax regulations.