fsm, 1099g, w2 nonfiler

Front

What is the primary purpose of the 1099-G federal tax form?

Back

To report income received from government sources.

Front

Which of the following is NOT a type of income that may be reported on a 1099-G form? Options: Unemployment benefits, state and local tax refunds, agricultural payments, wages from a private employer.

Back

Wages from a private employer.

Front

A taxpayer receives a 1099-G form showing a state tax refund. What should the taxpayer do with this information when filing their federal tax return?

Back

Report the refund as income if required by IRS rules.

Front

What tool can be used to help determine how the 1099-G was calculated and whether a taxpayer is due to receive a 1099-G?

Back

1099-G calculator

Front

A taxpayer who claimed itemized deductions on their federal income tax return and received a state tax refund for that year will:

Back

Receive a 1099-G for the refund amount.

Front

Under what condition will the LDR not issue a 1099-G to a taxpayer?

Back

If the taxpayer's overpayment is less than $10.00.

Front

Where on the 1099-G form can you find the tax year for which the form was issued?

Back

Near the top right of the form

Front

Why is it important for taxpayers to check the tax year indicated on the 1099-G form?

Back

To ensure the overpayment or refund applies to the correct calendar year.

Front

Which tool should you use to check if a taxpayer is due a 1099-G? Options: 1099-G calculator, W-2 generator, Tax refund estimator, Income statement viewer

Back

1099-G calculator

Front

What is the correct sequence to check if a taxpayer was due a 1099-G at the account level?

Back

Select the account level, then choose the “tax period,” and then go to the “Other” tab.