Tax & Accounting Blog

Wisconsin Form 1099-MISC and 1099-R Filing Change Affects 2013 Reporting

1099, Blog, ONESOURCE, Tax Information Reporting, Trust Tax December 3, 2013

TXCongressAve7Wisconsin has made a major change in Form 1099 reporting requirements, and it applies to reportable payments made in calendar year 2013 which are reportable to the Wisconsin Department of Revenue in 2014. As announced by the Wisconsin DOR, beginning in January 2014 employers and other persons who make payments that must be reported on federal Forms W-2, 1099-R or 1099-MISC must also submit these forms to the department regardless of whether Wisconsin tax has been withheld.

Previously, Wisconsin waived the filing of Forms 1099-R and most Forms 1099-MISC if there was no Wisconsin tax withheld and the Form 1099-MISC or 1099-R data was filed to the IRS. The only 1099-MISC forms required to be filed to the DOR were those reporting rentals or royalties of $600 or more paid to Wisconsin residents, or to nonresidents for property located in Wisconsin.

The Wisconsin Department of Revenue will soon release an updated Publication 117, Guide to Wisconsin Information Returns, to provide additional information about the new filing requirements.