September 2012
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CHANGES TO IRS FORMS 1099-G AND 1099-MISC FOR CALENDAR YEAR 2012In past years, IRS Forms 1099-G were issued to show all program payments received from the Farm Service Agency, regardless of the amount. For calendar year 2012, the 1099-G reporting will change.
IRS Form 1099-G (Report of Payments to Producers) will only be issued to producers whose reportable payments total $600 or more for the calendar year. Additionally, if the producer has at least $600 in reportable payments received from multiple FSA offices, only one Form 1099-G will be issued. Producers subject to voluntary withholding or backup (involuntary) withholding will receive the appropriate IRS form, even if combined payments are less than $600.
The same changes will apply to producers and vendors who normally receive IRS Form 1099-MISC from FSA. Any producer who receives less than $600 in combined payments should consult a tax advisor to determine if these payments must be reported on their tax return.
For more information regarding IRS reporting changes, please contact your local County FSA Office. UNAUTHORIZED DISPOSITION OF GRAIN
USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write to USDA, Assistant Secretary for Civil Rights, Office of the Assistant Secretary for Civil Rights, 1400 Independence Avenue, S.W., Stop 9410, Washington, DC 20250-9450, or call toll-free at (866) 632-9992 (English) or (800) 877-8339 (TDD) or (866) 377-8642 (English Federal-relay) or (800) 845-6136 (Spanish Federal-relay). |