Idaho Admin. Code r. 35.01.01.830 - INFORMATION RETURNS

Section 63-3037, Idaho Code

01. In General. Information returns are not required to be filed with the Tax Commission except as follows: (4-6-23)

a. Form 1098, Mortgage Interest Statement, if the property was located in Idaho. (4-6-23)

b. Form 1099-A, Acquisition or Abandonment of Secured Property, if the property was located in Idaho. (4-6-23)

c. Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, if the property was located in Idaho or the service was performed in Idaho. (4-6-23)

d. Form 1099-C, Cancellation of Debt, if the secured property was located in Idaho. (4-6-23)

e. Form 1099-MISC, Miscellaneous Income, if it was issued for transactions related to property located or utilized in Idaho or for services performed in Idaho. (4-6-23)

f. Form 1099-R, Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRA's, Insurance Contracts, etc., if Idaho income tax was withheld. (4-6-23)

g. Form 1099-S, Proceeds From Real Estate Transactions, if it was issued for transactions related to property located in Idaho. (4-6-23)

h. Form W-2G, Certain Gambling Winnings, if the gambling took place in Idaho. (4-6-23)

i. Form 1099-NEC, Nonemployee Compensation, if it was issued for services performed in Idaho. (4-6-23)

j. Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding, if the income is from Idaho sources. (4-6-23)

02. Submitting Returns. Information returns must be submitted to the Tax Commission through electronic filing or on a paper copy of federal Form 1099. (4-6-23)

03. Due Date of Information Returns. Information returns are made on a calendar year basis. The due date for information returns submitted through electronic filing or on paper is the last day of February following the close of the calendar year. (4-6-23)

04. Voluntary Withholding. Each person who withholds Idaho income tax from amounts reported on information returns required by Section 63-3037, Idaho Code, must: (4-6-23)

a. Obtain an Idaho withholding account number as required by Rule 870 of these rules; and (4-6-23)

b. Submit an annual reconciliation return to the Tax Commission and comply with the requirements provided for filing of annual reconciliation returns as discussed in Rule 872 of these rules. The reconciliation return must report amounts paid during the preceding calendar year and reconcile the state income tax withheld with the tax remitted for the preceding calendar year. The reconciliation return must be filed on or before the last day of January. (4-6-23)

Notes

Idaho Admin. Code r. 35.01.01.830