MEMORANDUM SA 99-22
|All ISIS Agencies|
|FROM:||F. Howard Karlton, 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, 1998 to December 31, 1998. You are to retain Copy "C" of the form for your records and mail the balance of the forms to the vendor (Recipient). These forms must be mailed to the vendor by January 31, 1999. The vendor copy of the form is located inside the mailer. You are not to mail the IRS (Internal Revenue Service) a copy of these forms since the information will be reported to them on magnetic tape.
Please note on the complete 1099-MISC form that the recipient's account number is composed of the vendor's 11-digit vendor code. Corrections to any of the printed forms must be completed by the agency using the 3-part 1099-MISC form. The IRS copy of the corrected form should be mailed to the IRS. Any corrections will require a transmittal sheet (IRS Form 1096). The procedure for correcting 1099-MISC data can be found on pages 9 and 10 of the IRS publication 1998 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. 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.
|POST OFFICE BOX 94095||STATE CAPITOL ANNEX||BATON ROUGE, LA 70804-9095|
|(504) 342-0708||FAX (504) 342-1053|
|AN EQUAL OPPORTUNITY EMPLOYER|