1099-G Form for unemployment compensation

Updated on October 16, 2023 - 10:30 AM by Admin, TaxBandits

Form 1099-G is a form that is part of the 1099 Series. This is a series of forms that is required to be filed by businesses, financial institutions, and certain government agencies. The Form 1099-G is used by government agencies to report certain payments to individuals.

In this Article, we’ll cover all the following details about Form 1099-G.

1. What is a Form 1099-G?

Form 1099-G refers to certain government payments. Certain federal, state, and local payments that are made to taxpayers must be reported to the IRS using Form 1099-G. Government entities must also distribute copies to these taxpayers, as they need this information for their own personal income tax returns.

2. What are the payments covered by Form 1099-G?

The types of payments that must be reported by government agencies on Form 1099-G include the following:

  • Unemployment compensation
  • State or local income tax refunds, credit, and/or offsets
  • RTAA Payments
  • Taxable grants
  • Agricultural payments
  • Payments received on a Community Commodity Corporation Loan (CCC)

3. Who Must File a 1099-G?

Federal, state, and local government agencies that make the types of payments listed above are required to file a Form 1099-G for applicable taxpayers. In most of the cases, the 1099-G are used to report unemployment compensation and income tax refunds for state and local. If you receive 1099-G you must include and report this information when you file the income tax return.

4. Where to Mail Form 1099-G: Certain Government Payments?

There are 5 copies of the Form 1099-G that must be completed. These copies include:

  • Copy A : This is the red copy that goes to the IRS
  • Copy 1 : This copy goes to the state tax department
  • Copy B : This copy goes to the recipient
  • Copy 2 : This copy is for the recipient’s state income tax return
  • Copy C : This copy is for the payer’s records

Remember, you will need to file Copy A with the IRS and Copies B and 2 must be mailed to the recipient. And the Copy C must go to the payer to report some information on their income
tax return.

5. When is the 1099-G Deadline?

Forms 1099-G must be distributed to recipients by January 31, 2024. The forms must be filed on paper with the IRS no later than February 28, 2024. If you are planning to e-file Form 1099-G, the deadline is April 1, 2024.

E-file now with TaxBandits and securely file your Form 1099-G to the IRS!

6. How to E-File Form 1099-G with TaxBandits?

TaxBandits supports e-filing of Form 1099-G for the 2023 tax year!

File form 1099-G with TaxBandits by following the steps provided below

  • Step 1: Sign in to your TaxBandits account
  • Step 2: Enter Filer Details
  • Step 3: Enter Payee Details
  • Step 4: Review the Form 1099-G for errors, if any
  • Step 5: Transmit the form to the IRS
  • Step 6: Recipient Copy (Postal or online access)

Your form 1099-G will be transmitted to the IRS, and you will get instant notifications once it is accepted or rejected by the IRS.

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