Instructions For Form 1099-G - 2006
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24Instructions for Recipient
taxpayer identification number (TIN) or did not furnish the correct TIN
Account number. May show an account or other unique number the
to the payer. See Form W-9, Request for Taxpayer Identification
payer has assigned to distinguish your account.
Number and Certification, for information on backup withholding.
Box 1. Shows the total unemployment compensation paid to you
Include this amount on your income tax return as tax withheld.
this year. Report this amount as income on the unemployment
Box 5. Shows alternative trade adjustment assistance (ATAA)
compensation line of your income tax return. If you expect to receive
payments you received. Include on Form 1040 on the “Other
these benefits in the future, you can ask the payer to withhold
income” line. See the Form 1040 instructions.
federal income tax from each payment. Or, you can make estimated
Box 6. Shows taxable grants you received from a federal, state, or
tax payments using Form 1040-ES, Estimated Tax for Individuals.
local government.
Box 2. Shows refunds, credits, or offsets of state or local income tax
Box 7. Shows Department of Agriculture payments that are taxable
you received. It may be taxable to you if you deducted the state or
to you. If the payer shown is anyone other than the Department of
local income tax paid as an itemized deduction on your federal
Agriculture, it means the payer has received a payment, as a
income tax return. Even if you did not receive the amount shown, for
nominee, that is taxable to you. This may represent the entire
example, because it was credited to your state or local estimated
agricultural subsidy payment received on your behalf by the
tax, it is still taxable if it was deducted. If you received interest on
nominee, or it may be your pro rata share of the original payment.
this amount, report it as interest income on your tax return. See the
See Pub. 225, Farmer’s Tax Guide, and the Instructions for Schedule
instructions for your tax return.
F, Profit or Loss From Farming, for information about where to report
Box 3. Identifies the tax year for which the refunds, credits, or
this income.
offsets shown in box 2 were made. If there is no entry in this box,
Box 8. If this box is checked, the refunds, credits, or offsets in box 2
the refund is for 2005 taxes.
are attributable to an income tax that applies exclusively to income
Box 4. Shows backup withholding or withholding you requested on
from a trade or business and is not a tax of general application. If
unemployment compensation, Commodity Credit Corporation loans,
taxable, report the amount in box 2 on Schedule C, C-EZ, or F (Form
or certain crop disaster payments. Generally, a payer must backup
1040), as appropriate.
withhold on certain payments at a 28% rate if you did not give your
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial