Form Ri-Magnetic Media - Magnetic Media Filing Requirements 2009 (Page 3 of 4) in pdf

Form Ri-Magnetic Media - Magnetic Media Filing Requirements 2009 Page 3

ANY 1099 FILING MUST BE MADE ON PAPER

1099 FORMS ARE NOT REQUIRED UNLESS THERE IS RHODE ISLAND WITHHOLDING TAX – THESE FORMS CANNOT

BE SUBMITTED MAGNETICALLY. 1099 FORMS MUST BE SENT IN ON

PAPER.

THE RHODE ISLAND PERSONAL INCOME TAX LAW, SECTION 44-30-58 (C) READS IN PERTINENT PART AS

FOLLOWS:

REQUIRING RETURNS OF INFORMATION TO BE MADE ON OR BEFORE FEBRUARY 28 OF EACH YEAR AS TO THE

PAYMENT OR CREDITING IN ANY CALENDAR YEAR OF AMOUNTS OF ONE HUNDRED DOLLARS ($ 100.) OR MORE

TO ANY RHODE ISLAND PERSONAL INCOME TAXPAYER. SUCH RETURNS MAY BE REQUIRED OF ANY PERSON,

INCLUDING LESSEES OR MORTGAGORS OF REAL OR PERSONAL PROPERTY, FIDUCIARIES, EMPLOYERS AND ALL

OFFICERS AND EMPLOYEES OF THIS STATE, OR OF ANY MUNICIPAL CORPORATION OR POLITICAL SUBDIVISION

OF THIS STATE, HAVING THE CONTROL, RECEIPT, CUSTODY, DISPOSAL OR PAYMENT OF INTEREST, RENTS,

SALARIES,

WAGES,

PREMIUMS,

DIVIDENDS

AND

OTHER

CORPORATE

DISTRIBUTIONS,

ANNUITIES,

COMPENSATIONS, REMUNERATIONS, EMOLUMENTS, OR OTHER FIXED OR DETERMINABLE GAINS, PROFITS OR

INCOME. A DUPLICATE OF THE STATEMENT AS TO TAX WITHHELD ON WAGES, REQUIRED TO BE FURNISHED BY

AN EMPLOYER TO AN EMPLOYEE, SHALL CONSTITUTE THE RETURN OF INFORMATION REQUIRED TO BE MADE

UNDER THIS SECTION WITH RESPECT TO SUCH WAGES.

IF YOU MEET ONE OF THE FOLLOWING REQUIREMENTS, YOU MUST SUBMIT AN INFORMATION FORM (I.E. 1099, W-

2, ETC) TO THE RHODE ISLAND DIVISION OF TAXATION:

1. IF RHODE ISLAND INCOME TAX WAS WITHHELD FROM THE AMOUNT PAID TO THE

RECIPIENT; OR

2. IF THE AMOUNT PAID TO THE RHODE ISLAND RECIPIENT, IN WHOLE OR IN PART, WAS

DERIVED FROM INCOME THAT IS DIRECTLY ATTRIBUTABLE TO OBLIGATIONS OF STATES

OTHER THAN RHODE ISLAND AND/OR THEIR POLITICAL SUBDIVISIONS; OR

3. IF THE AMOUNT PAID IS FOR SERVICES PERFORMED IN RHODE ISLAND AND THE

RECIPIENT IS A NON-RESIDENT OF RHODE ISLAND; OR

4. IF YOU ARE A QUALIFIED DEPOSITORY ACCEPTING DEPOSITS AS FAMILY EDUCATION

ACCOUNTS UNDER SECTION 44-30-25 OF THE RHODE ISLAND GENERAL LAWS.

EXCEPT FOR THOSE ENTITIES THAT MEET THE REQUIREMENTS IN 1, 2, 3 OR 4. ABOVE, THE TAX ADMINISTRATOR

HAS WAIVED THE FILING REQUIREMENTS FOR INFORMATIONAL RETURNS FOR THE CURRENT TAX YEAR.

RHODE ISLAND DOES NOT PARTICIPATE IN THE COMBINED FEDERAL/STATE FILING PROGRAM FOR MAGNETIC

TAPE FILERS.

Form RI-Magnetic Media

Rev 11/09

Form Ri-Magnetic Media - Magnetic Media Filing Requirements 2009 Page 3