206.707 Filing 1099-MISC; failure to comply with filing requirement; penalty; filing with city.Sec. 707. (1) A person required under the internal revenue code to file a form 1099-MISC for a tax year shall file a copy of that form 1099-MISC with the department on or before January 31 each year or on or before the day required for filing form 1099-MISC under the internal revenue code, whichever is later. (2) A person who fails to comply with subsection (1) is liable to the department for a penalty of $50.00 for each form 1099-MISC the taxpayer fails to file. (3) A person required to file a form 1099-MISC under this section shall also file a copy of the form 1099-MISC with the city reported as the payee's address on the form 1099-MISC if that city imposes a city income tax pursuant to the city income tax act, 1964 PA 284, MCL 141.501 to 141.787. History: Add. 2011, Act 38, Eff. Jan. 1, 2012 Compiler's Notes: This section as added by Act 38 of 2011 was assigned the compilation number '206.707'. To avoid a conflict with another section previously numbered '206.707', Sec. 707 of 2006 PA 513 has been renumbered as 206.907.
Michigan Legal Code