Tennessee 1099 Filing Requirements
The State of Tennessee Mandates 1099-K Filing!
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Tennessee State Filing
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Tennessee 1099 Reporting Requirements
The State of Tennessee mandates the filing of Form 1099-K with the state agency.
| Scenario | Even If there is no Tennessee State Tax Withholding |
|---|---|
| Required Form | Form 1099-K |
| Payments Threshold | More than $20,000 and had over 200 transactions during the year. |
| Due Date | April 30 |
| Filing Method | Direct State Filing |
| Additional Forms | No Additional Forms Required |
TaxBandits supports Form 1099 with both the Federal and State.
Frequently Asked Questions
Does Tennessee require 1099 filing?
Yes, the Tennessee Department of Revenue requires the filing of Form 1099-K even if there is no state tax withholding.
Note: The state doesn’t require any other 1099 forms.
Does Tennessee have a specific payment threshold for filing Form 1099-K?
There is no specific threshold for filing Form 1099-K in the state of Tennessee.
Reporting requirements in the state align with the IRS threshold guidelines, that is:
- Payment settlement entities must file Form 1099-K if the payment received through third-party network transactions is more than $20,000 and there were over 200 transactions during the year.
Note: For tax years 2024 and 2025, the IRS is planning to reduce the 1099-K threshold to $5,000 and $600, respectively (irrespective of the number of transactions).
What types of 1099 forms does Tennessee require?
The State of Tennessee only requires the filing of Form 1099-K. The state does not mandate the filing of any other types of 1099 forms.
Does Tennessee require additional forms when filing Form 1099-K?
No, the state of Tennessee does not require any additional forms to be filed along with Form 1099-K.
What are the Tennessee 1099-NEC filing requirements?
The Tennessee Department of Revenue does not require filing Form 1099-NEC or any other 1099 forms (except 1099-K) with the state.
When is the Tennessee 1099-K due?
The deadline for filing Form 1099-K with Tennessee is April 30. If this deadline falls on a weekend or federal holiday, the next business day will be the deadline
Should I electronically file Form 1099-K with Tennessee?
Yes, you must electronically file your 1099-K form with the state of Tennessee.
What are the penalties for late filing and not filing Form 1099-K with Tennessee?
Failing to file the 1099-K return on time with the state will result in a $1,000 penalty for each instance, with an additional penalty of $1,000 for each month or part of a month that the failure continues. The maximum penalty is $10,000 per year.
For more information, please visit the State website: https://www.tn.gov/revenue/taxes/sales-and-use-tax/file-and-pay/1099k-filing-requirement.html
