1099-G
Business & Finance abbreviation · Tax
| Stands for | Certain Government Payments (IRS Form 1099-G) |
|---|---|
| Categories | Business & Finance |
1099-G stands for Certain Government Payments (IRS Form 1099-G), a tax abbreviation.
Federal, state and local agencies send this form for payments such as unemployment compensation and state or local income tax refunds, credits and offsets, which may be taxable on the federal return.
Example: The state sent a 1099-G for the unemployment benefits I collected in the spring.
Usage notes
A state tax refund is federally taxable only if the taxpayer itemized and deducted state taxes the previous year and received a benefit. Victims of unemployment fraud often discover the theft when an unexpected 1099-G arrives and should report it to the issuing state agency.
Related abbreviations
More tax abbreviations
- 1098-E – Student Loan Interest Statement (IRS Form 1098-E)
- 1098-T – Tuition Statement (IRS Form 1098-T)
- 1099 – IRS Form 1099 information return series
- 1099-B – Proceeds From Broker and Barter Exchange Transactions (IRS Form…
- 1099-DA – Digital Asset Proceeds From Broker Transactions (IRS Form 1099-DA)
- 1099-DIV – Dividends and Distributions (IRS Form 1099-DIV)
- 1099-INT – Interest Income (IRS Form 1099-INT)
- 1099-K – Payment Card and Third Party Network Transactions (IRS Form 1099-K)
- 1099-MISC – Miscellaneous Information (IRS Form 1099-MISC)
- 1099-NEC – Nonemployee Compensation (IRS Form 1099-NEC)
- 1099-R – Distributions From Pensions, Annuities, Retirement or Profit-Sharing…
- 1120 – U.S. Corporation Income Tax Return (IRS Form 1120)