Alabama recently passed Act 2017-294. This Act requires that Payment Settlement Entities (PSEs) file Form 1099-K for payees with an Alabama address.
The 1099-K forms are due within 30 days after the Federal due date on or before April 30th each year.
To view the announcement, please click here.
About the Author
Adam Rivera is a member of the Regulatory Analysis Team's Direct Tax division at Sovos. His main areas of focus are Federal and State Tax Withholding and Affordable Care Act (ACA) Reporting. Prior to Sovos, Adam worked as a legislative aide in the Florida House of Representatives. He also has experience in securities law, focusing on securities litigation and researching emerging crowdfunding methods of raising capital. Adam is a member of both the Massachusetts and Florida Bars. He earned his B.A. from the University of Florida and his J.D. from the University of Miami.More Content by Adam Rivera