Indiana recently released its 2024 W-2 and 1099 electronic filing specifications. The 1099 specifications have several notable changes. Form 1042-S will no longer be accepted via SFTP in a modified Publication 1220 format. A field for reporting state code has been added to the B Record for form W-2G. A new Appendix E (Country Codes) has been added to the guide. The W-2 specifications have one new important reminder for PEOs (Professional Employer Organizations) and CPEOs (Certified Professional Employer Organizations). Any PEOs or CPEOs that file withholding on clients’ behalf must file an annual WH-3 reconciling the WH-1s it filed. Businesses are responsible for filing a WH-3 for any part of the year not covered by the PEO or CPEO.
