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An Item To Note itemize deductions, as explained above, you are not required to
furnish a Form 1099-G or substitute statement to the recipient.
In addition to these specific instructions, you should also use the However, in the case of the tax on unincorporated businesses,
2001 General Instructions for Forms 1099, 1098, 5498, and you must furnish a Form 1099-G or substitute statement to the
W-2G. Those general instructions include information about: recipient in all cases, as this is a tax that applies exclusively to
● Backup withholding income from a trade or business. See Box 8, The Amount in Box
● Magnetic media and electronic reporting requirements 2 Applies to Income From a Trade or Business, on page G-2 and
● Penalties Rev. Rul. 86-140, 1986-2 C.B. 195.
● When and where to file If you pay interest of $600 or more on the refund, you must
● Taxpayer identification numbers
file Form 1099-INT, Interest Income, and furnish a statement to
the recipient. For interest payments of less than $600, you may
● Statements to recipients
choose to enter the amount with an appropriate designation such
● Corrected and void returns
as “Interest Income” in the blank box on the statement to the
● Other general topics recipient.
You can get the general instructions from the IRS Web Site
at www.irs.gov or by calling 1-800-TAX-FORM Box 3. Box 2 Amount Is For Tax Year
(1-800-829-3676). No entry is required in box 3 if the refund, credit, or offset is for
the 2000 tax year. If it is for any other tax year, enter the year
for which the refund, credit, or offset was made. Also, if the
Specific Instructions for Form 1099-G refunds, credits, or offsets are for more than 1 tax year, report
the amount for each year on a separate Form 1099-G. Use the
File Form 1099-G, Certain Government and Qualified State format “YYYY” to make the entry in this box. For example, enter
Tuition Program Payments, if you made certain payments as a 1999, not '99.
unit of a Federal, state, or local government or if you made
distributions from a qualified state tuition program. Box 4. Federal Income Tax Withheld
Statements to Recipients Backup withholding. Enter backup withholding. For example,
if a recipient does not furnish its taxpayer identification number
If you are required to file Form 1099-G, you must provide a (TIN) to you, you must backup withhold at a 31% rate on
statement to the recipient. Furnish a copy of Form 1099-G or an payments required to be reported in box 6 or 7.
acceptable substitute statement to each recipient, except as
explained below under Box 2, State or Local Income Tax Voluntary withholding. Also enter any voluntary Federal
Refunds, Credits, or Offsets. Also, see part H in the 2001 withholding on unemployment compensation, Commodity Credit
General Instructions for Forms 1099, 1098, 5498, and Corporation loans, and certain crop disaster payments. If you
W-2G. withheld state income tax, you may label it and report it on the
statement to the recipient. However, you are not required to
Box 1. Unemployment Compensation report state withholding to the IRS.
Enter payments of $10 or more in unemployment compensation Box 5. Qualified State Tuition Program Earnings
including Railroad Retirement Board payments for
unemployment. Enter the total amount before any income tax Enter the earnings part of any distribution (including in-kind
was withheld. If you withhold Federal income tax at the request distributions) from a qualified state tuition program (QSTP) made
of the recipient, enter it in box 4. to the designated beneficiary or account owner. If a QSTP
makes a distribution directly to an eligible educational institution
Box 2. State or Local Income Tax Refunds, Credits, to pay tuition and fees for the designated beneficiary or the
or Offsets QSTP makes a check payable to both the beneficiary and the
educational institution, enter the name, address, and TIN of the
Enter refunds, credits, or offsets of state or local income tax of beneficiary on Form 1099-G.
$10 or more you made to recipients. If recipients deducted the
Qualified state tuition program. A QSTP is a program
tax paid to a state or local government on their Federal income
established and maintained by a state or its agency or
tax returns, any refunds, credits, or offsets may be taxable to
instrumentality under which a person:
them. If you can determine that the recipient did not claim
itemized deductions on the recipient's Federal income tax return 1. May purchase tuition credits or certificates on behalf of a
for the tax year giving rise to the refund, credit, or offset, you are designated beneficiary that entitle the beneficiary to the waiver
not required to furnish a copy of Form 1099-G or a substitute or payment of qualified higher education expenses or
statement to the recipient. However, you must file Form 1099-G 2. May make contributions to an account established to meet
with the IRS in all cases. the qualified higher education expenses of the account
A tax on dividends, a tax on net gains from the sale or beneficiary.
exchange of a capital asset, and a tax on the net taxable income Other rules apply. See Proposed Regulations section 1.529-2.
of an unincorporated business are taxes on gain or profit rather Distributions. Distributions, whether in cash or in kind, include
than on gross receipts. Therefore, they are income taxes, and tuition credits or certificates, payment vouchers, tuition waivers,
any refund, credit, or offset of $10 or more of these taxes is or other similar items. Distributions also include a refund to the
reportable on Form 1099-G. In the case of the dividends tax and account owner, to the designated beneficiary, or to the
the capital gains tax, if you determine that the recipient did not designated beneficiary's estate.
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