The end of 2020 is only a few weeks away, so it’s time to kick your year-end filing into high gear. You may understand and be fully prepared to file your Forms 1099 and W-2 with the IRS, but what about your state e-filing requirements?
Today we’re talking about the state of Arkansas where you can find rolling landscapes, precious gemstones, and folk music in abundance.
Here are the requirements for filing your W-2s and 1099s with their state agency.
Does the W-2 need to be filed with Arkansas?
Yes, the state of Arkansas does require the filing of Form W-2. This form must be submitted to Arkansas by January 31, this year because this falls on a weekend, the deadline is February 1, 2021. Remember, regardless of whether you are paper filing or filing electronically, you must adhere to this deadline.
Is there a reconciliation form for the state of Arkansas?
The answer to this question is also yes, there is a reconciliation form that is required by the state.
If you choose to paper file your forms, you are required to attach the ARW-3 to your W-2 before filing it with the state. This is a transmittal form and therefore it is only required when paper filing forms.The ARW-3 is not required if you are filing your W-2s electronically.
As for the state reconciliation form, this is the Form AR3MAR. This form must be filed with the state of Arkansas by February 28, 2021.
Do you need to file 1099s with the state of Arkansas?
The state of Arkansas requires direct state filing of the Forms when there is state withholding to report. The following 1099’s must be filed with the state of Arkansas.
When it comes to the reactivated Form 1099-NEC for tax year 2020, TaxBandits supports it’s direct transmission to the state of Arkansas. TaxBandits supports the transmission of Forms 1099-MISC, 1099-INT, and 1099-DIV.
The deadline to file this form to report non-employee compensation is January 31, 2021. Again, this year the deadline falls on a weekend, so the state will expect your form on or before February 1, 2021.
Did you know that TaxBandits helps you file Form 1099-NEC directly with the state of Arkansas? We can handle your IRS filing, state filing, and easily distribute your recipient copies by mail! The same is true for the other 1099s you need to file.
As for the W-2, we support filing this form with the SSA and state e-filing. We also provide a simple solution for completing your Form AR3MAR with Arkansas. Need a print and mail solution? We can take care of that too! Begin filing in your TaxBandits account today! Sign up for free to get started!