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Massachusetts Form 1099-MISC: What You Should Know

The effective tax period was defined for this tax reporting requirement as the 12-month period ending on December 31 of the tax year (2016). No more than 600 was allowed for any single transaction, which would otherwise be includible in gross income, such as, a sale or exchange of, or gift (to) a taxpayer for purposes of the income tax, a contribution to, a loan or a grant, or a reimbursement from a nonprofit organization for services provided. This is the most significant changes to the Massachusetts filing requirement that the 2023 tax amendments implemented.  Form 1099-MISC for 2023 was filed on January 14, 2016. In 2016, the 2023 Form 1099-MISC filing requirement applied to services rendered on or after January 1, 2017. The filing requirement was repealed effective January 1, 2018. According to the 2023 tax law, the 2023 Form 1099-MISC filing requirement applied all year round to taxable sales, exchanges, gifts, and similar transactions that occurred in the following taxable years: December 31, 2023 – January 1, 2016, December 31, 2023 – December 31, 2015, December 31, 2023 – December 31, 2013, As defined above, the filing requirement no longer applied to taxable sales of tangible personal property or services of any nature. Effective January 1, 2017, the effective tax period was extended 12 times to January 1 January of the following calendar year beginning January 1, 2017.  Tax and reporting period extension is the responsibility of the Commonwealth Treasurer. The annual Form 1099-MISC is filed on or before the due date each year, December 31, for the calendar year for which the 1099-MISC forms are due. In general, Form 1099-MISC, for service performed on or after January 1, 2017, can be filed in paper and electronic, unless the taxpayer received any other form of payment by a method set forth in section 2.02.00(1) of the ITIN law, or if the taxpayer's gross receipts do not exceed the 600 threshold for service performed under §6.24(a)(5)(xxiii) of the ITIN law. On April 21, 2017, Effective July 1, 2017: Section 3.02.

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