New Jersey 1099 Filing Requirements
for 2023
The State of New Jersey Mandates
1099 Filing!
Simplify Your New Jersey 1099
E-Filing
with TaxBandits!
- You can e-file your 1099 with both Federal and State
- Distribute recipient copies via Postal Mail and Secure Online Access
E-file your New Jersey 1099 at just $0.70/Form
New Jersey State Filing
Select your State for 1099 Reporting Requirements
New Jersey 1099 Reporting Requirements
The State of New Jersey mandates filing Form 1099 with the state agency under the
following conditions:
| Scenario | If there is any New Jersey State Tax Withholding | If there is no New Jersey State Tax Withholding |
|---|---|---|
| Payments Threshold | More than $0 | $1000 or More* |
| Due Date | February 15, 2024 | |
| Filing Method | CF/SF | |
| Additional Forms | Gross Income Tax Reconciliation of Tax Withheld - Form NJ-W-3M | Not Required |
Note: The State of New Jersey requires filing 1099 forms if the amount paid or credited is $1,000 or more in a calendar year or if any state income tax was withheld from the payment.
The State of New Jersey requires the following Forms:
- Form 1099 (1099-NEC, 1099-MISC, 1099-INT, 1099-DIV, 1099-R, 1099-B, 1099-G, 1099-K, 1099-OID, and W-2G)
- Form W-2 - Wages and Tax Statement. Learn more about New Jersey W-2 State Filing Requirements.
TaxBandits supports Form 1099 and W-2 filing with both the Federal
and State.
Frequently Asked Questions
Does New Jersey require 1099 filing?
Yes, the NJ Department of Revenue mandates the filing of 1099 Forms.
- If there is any state tax withholding, you must file 1099 Forms since New Jersey is part of the CF/SF program
- If there is no state tax withholding, and the payment or credit exceeds $1000 the IRS will automatically forward your federal 1099 forms to the state agency since New Jersey is part of the CF/SF program.
- The State Mandates efiling when you file 1099 with state.
What types of 1099 forms does New Jersey require?
New Jersey requires the filing of the following 1099 forms:
Does New Jersey require additional forms when filing 1099 forms?
Yes, New Jersey requires the following Withholding Tax Reconciliation Form along with your 1099
- Form NJ-W-3M (Gross Income Tax Reconciliation of Tax Withhold) must be filed along with the respective
1099 forms
What is Form NJ-W-3M?
Form NJ-W-3M is a Gross Income Tax Reconciliation of Tax Withhold of State used to report income tax withheld per 1099s and paid during the year.
The State of New Jersey mandates E-filing of 1099s and reconciliation Form NJ-W-3M with the state. When you efile 1099 with TaxBandits, you need to take care of the Reconciliation of Tax Withhold Form NJ-W3M.
When is New Jersey 1099 due?
The due date for filing Form 1099 with New Jersey is February 15. If this due date falls on a weekend or federal holiday, the next business day will be the deadline.
For the 2023 tax year, the deadline for filing 1099 Forms with New Jersey is February 15, 2024.
Can I electronically file 1099 forms with New Jersey?
Yes, you can e-file 1099 forms with New Jersey. In fact, it is the only filing method accepted by the state of New Jersey. Make sure to include your Form NJ-W-3M with your 1099 forms.
TaxBandits is here to help you with the e-filing of 1099. We support all 1099s with the state of New Jersey. Plus, we distribute 1099 form copies to recipients/payees via postal mail.
What are the penalties for not filing or filing 1099 late with New Jersey?
The State of New Jersey imposes 1099 penalties & interests for the following:
-
Late filing of Form 1099
If you e-file 1099 late, you may be charged $100.00 per month as a penalty.
-
Late payment of state taxes
If you pay taxes late, you may be charged 5% of your tax due.
-
Underpayment of state taxes
You may be charged 5% of your unpaid taxes each month you delay. It will not exceed 25% of your
tax liability.
For more information, please visit the State website: https://www.nj.gov/
