As we come down to the wire for the beginning of busy season, it’s important to review some of the things we may already know, or think we know, about reporting and filing requirements. In response to calls from thousands of mistaken customers, Janice Krueger, CIRS, a subject matter expert at Greatland, has put together a top ten list of myths regarding W-2 and Form 1099 reporting.

Reality: Check your state’s 1099 filing requirements. Many states still require Form 1099s to be filed even if there is no state tax withheld. “Basically, states want to track state income,” Krueger said. “Over half of the states that require 1099 reporting require at least one 1099 to be filed regardless of whether state tax was withheld or not.”

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