MEMORANDUM SA 99-19
|FROM:||F. Howard Karlton, CPA|
|SUBJECT:||Calendar Year 1998 1099 Form Preparation/Submission|
This is just a reminder that your calendar year 1998 1099 forms must be prepared and submitted to the Internal Revenue Service (IRS) in accordance with IRS instructions found in publication 1220. You may obtain a copy of this publication from your local IRS office or from the Internet. According to IRS regulations your 1099 vendors must receive their 1099 Forms by January 31, 1999 and the returns are due to the IRS by February 28, 1999. Should you be required to file 250 or more information returns, you must file on magnetic media. Information on this subject can also be found in Publication 1220, Magnetic Media/Electronic Reporting.
Payments for attorney gross proceeds for calendar year 1998 and beyond must be reported in income type "C".
Please provide copies of this memorandum to the individuals at your agency that actually perform the 1099 processing. Should you have questions concerning this memorandum, please contact Mr. Chris Meisner at (504) 342-6351. All OSRAP SA memorandums and forms may be accessed through our home page at http:\\www.doa.state.la.us\osrap\osrap.htm.
|POST OFFICE BOX 94095||STATE CAPITOL ANNEX||BATON ROUGE, LA 70804-9095|
|(504) 342-0708||FAX (504) 342-1053|
|AN EQUAL OPPORTUNITY EMPLOYER|