Understanding the Tennessee 1099-K filing requirements is essential for payment processors, settlement entities, and businesses that fall under this rule. The State of Tennessee requires Form 1099-K to be filed with its Department of Revenue, even if no state tax was withheld.
This requirement applies to payment settlement entities, third-party settlement organizations, electronic payment facilitators, and any other entities that also file Form 1099-K with the IRS.
Who Must Follow Tennessee 1099-K Filing Requirements
The Tennessee 1099-K filing requirements apply to a range of organizations. If you are a payment settlement entity, a third-party settlement organization, or an electronic payment facilitator, you must file Form 1099-K with the Tennessee Department of Revenue. This is true even if you have already filed with the IRS.
Filing Rules for Tennessee 1099-K
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Only Form 1099-K is required. Other 1099 forms, such as 1099-NEC, 1099-MISC, 1099-B, and 1099-R, do not need to be filed with Tennessee.
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Electronic filing is mandatory. All 1099-K forms must be submitted through the Tennessee Department of Revenue’s online portal.
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Deadline: The state filing deadline is 30 days after the IRS due date for Form 1099-K.
In addition, Tennessee does not participate in the Combined Federal/State Filing (CF/SF) Program. Therefore, filing with the IRS does not fulfill the Tennessee 1099-K filing requirements.
Separate Filing Is Required
Because Tennessee is not part of the CF/SF Program, you must make a separate submission to the Tennessee Department of Revenue. As a result, even if you have already filed your Form 1099-K with the IRS, you will still need to send it to Tennessee by the state deadline.
Electronic Submission Through 1099FIRE
1099FIRE can transmit your 1099-K data directly to the Tennessee Department of Revenue. This service ensures your filing meets all Tennessee 1099-K filing requirements and deadlines. To get started, contact our main office at (480) 706-6474.