US 1099-G Report for Government Payments
Federal, state, or local governments in the United States can now generate Form 1099-G for certain payments like unemployment compensation, taxable grants, and agricultural subsidy payments.
Before you can use Payables to generate US 1099-G reports for a supplier, you must configure the supplier profile to enable the feature.
Enable Form 1099-G Reporting for Supplier
Here's how you can enable 1099-G reporting.
- Navigate to , and search for the supplier for which you want to enable 1099-G reporting.
- Edit the supplier profile and go to the Income Tax tab in the Profile Details section.
- Select Federal reportable to classify the supplier as federal reportable.
- In the Federal Income Tax Type list, select the default
income tax type for the supplier. You can select one of the following:
- GOV1: Unemployment compensation. This is reported in Box 1.
- GOV6: Taxable grants. This is reported in Box 6
- GOV6A: Energy grants. This is reported in Box 6.
- GOV7: Agriculture payments. This is reported in Box 7.
- Save the supplier profile.
Generate US 1099-G Report
To generate 1099-G reports:
- Create invoices for the supplier. You can override the income tax type that was defaulted from the supplier profile. Account and pay the invoices.
- Submit the process US 1099-G Report to generate the paper
format for Form 1099-G. After the process is completed, click
Republish. You can then select the output to be
printed as one of the following:
- Form 1099-G Copy A for IRS
- Form 1099-G Copy B for the supplier
- Submit the process US 1096 Report for 1099-G for generating Form 1096.
- Submit the process US 1099-G Electronic Media Report for filing the returns electronically. After the process is completed, click Republish. Export to .rtf and copy the contents to a text file.