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Farm Service Agency Announces Tax Statement Changes
(KLZA) State Executive Director, Dan Steinkruger, announced that the agency has implemented some changes regarding issuing IRS Form 1099-G and 1099-MISC for payments issued in 2012.
FSA will no longer issue IRS Form 1099-G and/or 1099-MISC if a producer’s total reportable payments are less than $600. In addition, FSA will only issue one IRS Form 1099-G and/or 1099-MISC for producers participating in multiple counties. Producers receiving reportable payments that total $600 or more before withholdings were applied are still being issued an IRS Form 1099-G and/or 1099-MISC.
The changes to the report of payments on the IRS Form 1099-G and 1099-MISC are according to the Internal Revenue Code.
“Producers who have questions about 2012 payments and/or refunds should contact our agency. Any FSA office can do a search of all payments and refunds using a Tax I.D. Number through our Financial Inquiries software,” said Steinkruger.
© Associated Press
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