FMX Update - USAS Procedures for CY 2011 1099 Reporting Available Now

Texas Comptroller of Public Accounts sent this bulletin at 11/21/2011 02:47 PM CST


What's New on FMX

USAS Procedures for CY 2011 1099 Reporting Available Now

State agencies and institutions of higher education must report certain payments to the Internal Revenue Service on a Form 1099-Miscellaneous (MISC) or Form 1099-Interest Income (INT) and send a duplicate Form 1099 to the payee.

To help agencies and institutions comply with this requirement for calendar year (CY) 2011, the Uniform Statewide Accounting System (USAS) will capture 1099-related data and generate 1099 Verification Reports (DAFR7940), Forms 1099-MISC and/or Forms 1099-INT (DAFR7950) for each agency or institution upon request.

What's New for CY 2011 1099 Reporting:

  • DAFR 7950s will process during four weekends in January 2012.
  • USAS-generated 1099 forms are addressed to the non-corporate payee's mail code based on the last payment made to that non-corporate payee by an agency.

For instructions on requesting 1099 data from USAS, see USAS Procedures for 1099 Reporting for Calendar Year 2011 (FPP E.001).



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