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Form 1099-MISC for Maryland: What You Should Know

The 1099 reporting rules are: (1) Maryland requires a 1099-MISC in response to a reportable payment of 10 or more for the preceding tax year, regardless if withholding is required or the payment amount is zero. (2) Maryland requires a 1099-MISC after a payment of 20, 40, or 60 is received. (3) To file a report, attach a completed Maryland 1099 form to the payee's tax due notice. (4) Maryland requires: A 1099-MISC for any payment of 10 or more for the preceding tax year. If withholding is required for the payment, the report must have on file a “M” with the number “R-0.” If withholding is not required, the 1099-MISC must include the filer's Social Security number. (5) Maryland requires a 1099-G for any payment of 20, 40, or 60 that is received more than 30 days after the tax return was filed. (6) To issue a tax return form, attach a Maryland 1099 form to the payer's tax due notice. (7) If the payment for the tax year is 10 or more, Maryland will also require a copy of each Form MW508 and IRS Form W-8. 1099 Filing in Maryland requires a 1099-MISC only for the following types of payment. An employee and/or executive compensation for the period beginning on or after January 1, 2018, and ending no later than the fifteenth day of the fourth month of the tax year if the compensation is paid during the period, and all compensation for the period after the fifteenth day of the fourth month of the tax year if the compensation is paid after the fifteenth day of the fourth month of the tax year. An employer pays an employee compensation of any amount that exceeds 120,000 if the compensation is paid to the employee for the remainder of the tax year, or a lump sum payment of any amount to be paid to the employee during the tax year.

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