State of Louisiana
M. J. "Mike" Foster, Jr.
Mark C. Drennen
January 22, 2001
MEMORANDUM SA 01-20
|All State Agencies|
|FROM:||F. Howard Karlton, CCFM, CPA|
|SUBJECT:||Completed 1099 Federal Tax Forms|
Enclosed you will find the completed 1099-MISC Federal Tax Forms for your agency. The completed forms enclosed are for the period of January 1, 2000 to December 31, 2000. You are to copy the form for your records and mail the original of the forms to the vendor (Recipient). These forms must be mailed to the vendor by January 31, 2001. You are not to mail the IRS (Internal Revenue Service) a copy of these forms since the information will be reported to them electronically.
If you need to make corrections to any of the printed forms, you will need to create an Excel or Lotus 1-2-3 file containing the recipients TIN and address, the payers TIN and address, the income type (1, 3, 4, 6, 7, 13, 13A) and the corrected amount (i.e., the amount that should have been reported to the IRS). The file should be e-mailed to email@example.com. If you cannot e-mail the file, fax a hard copy to (225) 342-1053 Attn: Gary Andrus. Please request a delivery receipt on your e-mail or call Ms. Gary Andrus at (225) 342-1096 to verify that your file has been received and is accessible. The Office of Statewide Reporting and Accounting Policy will make the corrections for you and forward the information on to the Internal Revenue Service, if the number of corrections needed is not excessive.
An excessive amount of corrections will be done by the agency. The procedure for correcting 1099-MISC data can be found on pages 10 through 12 of the IRS publication 2000 Instructions for Forms 1099, 1098, 5498, and W-2G available through your local IRS office or the IRS Internet Home page at http://www.irs.ustreas.gov/prod/forms_pubs/forms.html. Any manual corrections will require a transmittal sheet (IRS Form 1096). If it is determined that your agency will be responsible for corrections, the IRS copy of the 1096 and the corrected form(s) should be mailed directly to the IRS. Agencies should be aware that the IRS requires corrections of 250 or more to be submitted on magnetic tape.
Should you have questions concerning this memorandum, please contact the OSRAP Help Desk at (504) 342-1097.
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