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Murfreesboro Tennessee 1099 MISC 2022: What You Should Know

On February 28, 2010, the legislature eliminated this requirement and enacted a new statute, which became effective on May 16, 2010, that eliminated Tennessee's corporate 1099 form altogether. The Department of Revenue has developed additional instructions that address the following: how to determine an appropriate withholding amount, who need not designate themselves as shareholders when filing Form 1099-MISC, and how to issue Form 5059 for those owners who wish to receive the Form 1099-MISC and pay additional taxes in the same year. The Office of the Comptroller is issuing Form 5059 for those who choose to continue to get Form 1099-MISC and do not qualify for Supplemental AGI withholding.

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