Maine Information Returns - Form W-2 & 1099
Form 1099:
All employers required to withhold Maine income tax must register with the Maine
Department of Revenue.
The Form 1099 Series of TaxBandits consists of Forms 1099-INT, 1099-MISC, 1099-R, Form 1099-B and 1099-DIV. This series of forms is used to report various types of “other Income” not including wages, salaries, and tips.
Form 1099 is typically used when the taxpayer has received income from sources other than a wage-paying job. There are eleven different variations to the 1099 forms, the type of income being reported will determine which form you will need to use. Form 1099 is only required if the payment amount is greater than $600 during the calendar year.
| Forms | Due Dates(Federal) | Notes |
|---|---|---|
| E-Filing | ||
| 1099-MISC Miscellaneous Income | March 31st | Annual tax statement to report for each person to whom you have paid during the year: royalties, rents, services, prizes and awards, fishing boat proceeds, or gross proceeds paid to an attorney. |
| 1099-INT Interest Income | March 31st | Annual tax statement to report for each person to whom you have paid during the year: interest income, tax-exempt interest, U.S. Treasury or Savings bonds, or any other applicable interest. |
| 1099-DIV Dividends and Distributions | March 31st | Annual tax statement to report for each person to whom you have paid during the year: capital gains, Section 1202 gains, exempt-interest dividends, or any other applicable dividends or distributions. |
| W-2 | March 31st | Form W-2 is a summarization of an individual employee’s wages, tips, any other applicable compensation, or taxes withheld |
| W-2c | March 31st | Form W-2c is a corrective form for any errors made on an employee’s W-2 |
| 1099-R | March 31st | Form 1099-R is for reporting distributions from pensions, annuities, IRAs, or any other applicable retirement or profit-sharing plans. |
W-3ME, Reconciliation of Maine Income Tax Withheld, is used for the submission of Forms W-2 and 1099. If filing fewer than 250 forms, paper filing may be sent to:
Maine Revenue Services
P.O. Box 1064
Augusta, ME 04332-1064
If filing 250 or more forms, e-filing may be done at:
www.maine.gov/revenue
Due Date: February 1st of the year following the year in which the forms are in reference to.
Information Returns - IRS
Form W-2
Form W-2, Wage and Tax Statement, is used to report wages paid to employees and the taxes withheld from them.
Every employer engaged in a trade or business who pays compensation for services performed by an employee, including non-cash payments of $600 or more for the year, must file a Form W-2 for each employee (even if the employee is related to the employer) from whom:
Income, social security, or Medicare tax was withheld- Income tax would have been withheld if the employee had claimed
no more than one withholding allowance or had not claimed exemption from withholding on Form W-4
Deadlines
The employer must provide each employee with a copy of their completed W-2 form by February 01 of the following year in which the
W-2 is in reference to.
The employer is required to file Copy A of all W-2 forms along with a form W-3 with the SSA (Social Security Administration) by the last day of February of the year following the year in which the W-2/W-3 is in reference to if the forms are paper filed. If the forms are e-filed the deadline is automatically extended to the last day in March of the year following the year in which the W-2/W-3 is in reference to (for the 2015 tax year the deadline will be March 31, 2016 for e-Filing).
State Resources
Guide to Maine Withholding
http://www.maine.gov/revenue/forms/with/2013/13_whtables.pdf
Maine Department of Revenue
Help Videos
Adding Payers & Recipients
When creating a 1099 or W-2 through TaxBandits, you can easily save the Payer and Recipient for each Form and reuse this information in the future.
If you need to file multiple W-2 or 1099 Forms for your business, you can save time by uploading an excel file with all your data and create your forms in just a few clicks.
To get started, go to TaxBandits.com and create an account. To save time, you can even login
with google or facebook.
How to E-File a Form 1099?
After logging in, you will be brought to the dashboard. On the Dashboard, you can select which 1099 Form you need to file.
The Form itself is fairly straightforward. All you need to do is enter a Payer, a Recipient, & Generate an Account Number.
After a return is created, the payer & recipient will be saved within your account, so that in the future, you can use this information with just a click.
TaxBandits
TaxBandits is a tax E-File application that helps you file and furnish 1099 Forms including 1099-DIV, 1099-MISC, 1099-OID, 1099-INT, 1099-R, W-9 and W-2 Forms to your recipients all in one place. Our IRS authorized E-File system allows you to file your forms quickly and easily. We are a secured web-based service, so your 1099 forms and W-2 forms will be available to you at any time from any location. As experienced tax professionals within the industry, you can rest assured your Form 1099-DIV and other forms will be E-Filed quickly and simply.
TaxBandits is a part of the ExpressTaxZone line of IRS Authorized products which also includes Express Extension for E-Filing of Form 7004, Form 4868, Form 8868, ExpressTruckTax for E-Filing of Form 2290, Form 2290 Amendments, Form 8849, Schedule 6 and ExpressIFTA for state IFTA report generation. With TaxBandits you can E-File Form 1099-DIV, Form 1099-MISC, Form 1099-INT, Form 1099-OID, Form 1099-R, Form W-9 and Form W-2.
IRS Links
Maine Paystub Generator
Whether you're in Portland, Lewiston, Bangor or anywhere in Maine state, our Maine paystub generator will calculate the taxes accurately. There is no need for desktop software. Save time and money with the paystub generator that creates pay stubs to include all company, employee, income and deduction information. Just follow the simple steps and email your paycheck stub immediately, ready for you to download and use right away.
