Check out What’s New!
Benefits of Filing 1099-G Online with TaxBandits
How to E-file Form 1099-G Online for 2024 with TaxBandits?
What Information is Required to E-file Form 1099-G Online?
- 1. Payer Details: Name, EIN, and Address
- 2. Recipient Details: Name, Address, TIN, Account Number
-
3. Box 1 to 16:
- Description of Property with Relevant Dates and Proceeds
- Realized or Unrealized Profits and Losses
- Bartering Information (if applicable)
- Federal/State Income Tax Withheld (if any)
Get Started with TaxBandits to e-file your Form 1099 G in minutes!
Exclusive Pro Features Designed for Tax Professionals
Streamline tax filing and enhance your workflow with powerful features tailored for tax professionals.
BanditCollab (Team Management)
Add unlimited team members to streamline your workflow. Assign your staff roles—Preparer, Approver, and Transmitter—based on their filing responsibilities.
BanditConnect (Client Management)
Communicate and securely share files with your clients using BanditConnect. Customize the secure portal to reflect your branding.
Custom Reports
Gain insights into staff activities and client filings with detailed reports. Enhance decision-making with in-depth analytics.
Powerful API to Automate Your 1099-G E-filing Process
Our robust API helps you automate your 1099-G filing and distribution process right from your existing systems. You can seamlessly integrate our 1099 API with your software or portal, facilitating automation while minimizing manual tasks and ensuring accuracy.
Learn moreSuccess Starts with TaxBandits!
The Smart Choice of every 1099 Filers
Frequently Asked Questions to File 1099-G Online
What is IRS Form 1099-G?
IRS Form 1099-G is used to report certain government payments. If you received a 1099-G Form this year from a government agency, you may need to report some of the information it contains on your tax return. The most common use of the 1099-G is to report unemployment compensation as well as any state or local income tax refunds you received that year.
When is the deadline to file Form 1099-G?
If you, as a unit of a federal, state, or local government, made unemployment compensation payments, income tax refunds/credits, taxable grants, agriculture payments, and so on, you must file Form 1099-G. If you received payments on a Commodity Credit Corporation loan, you must file Form 1099G.
Form 1099-G must be furnished to recipients by January 31, 2025 and e-filed with the IRS by March 31, 2025 . The 1099-C paper filing deadline is February 28, 2025.
What are the Boxes in Form 1099-G?
Form 1099-G comprised of 11 Boxes. You have to enter the required information in each box.
Boxes for Payer Information
1. Enter your information like Name, Address, City or Town, State, Postal Code, and Phone Number
2. Enter your TIN (EIN/SSN)
Boxes for Recipient Information
1. Enter your Recipient TIN
2. Enter your Recipient Name
3. Enter your Recipient tor Address
4. Enter your Recipient City, State, Country, and ZIP code
Want to know how to complete Form 1099-G? Here are the step by step
Form 1099-G Instructions.
Boxes for Debt information
-
Box 1: Unemployment Compensation
-
Box 2: State or Local Income Tax Refunds, Credits, or Offsets
-
Box 3: Box 2 Amount Is For Tax Year
-
Box 4 : Federal Income Tax Withheld
-
Box 5: RTAA Payments
-
Box 6: Taxable Grants
-
Box 7: Agriculture Payments
-
Box 8: Trade or Business Income
-
Box 9: Market Gain
-
Box 10a through 11: State Information
What are the exceptions to File Form 1099 G?
You are not required to file Form 1099-G, such as compensation for services, prizes, and certain incentives, may be reportable on Form 1099-MISC, Miscellaneous Income
For more information visit: https://www.irs.gov/forms-pubs/about-form-1099-g