Frequently Asked Questions about Form 1099G
7. I had an overpayment on a previous return, but the money was applied as a credit for estimated taxes on the following year's return. Since I didn't receive a refund check, do I still have to report this as income on my federal tax return?
A refund and a credit are simply different types of overpayments. We must include on Form 1099G any overpayment allowed on your return, whether it was issued as a refund or as a credit. As a result, you are subject to the same federal reporting requirements as if you had received a refund check.
Helpful Resources/Recursos Utiles
- Form 1099G
- Forma 1099G
- An Overview of Form 1099G
- Visión General de la Forma 1099G
- Frequently Asked Questions
- Preguntas Frecuentes Acerca De La Forma 1099G
- Form 1099G Example
- Sign-up for 2011 Electronic 1099G / Regístese para la 1099 G electrónica (sin embargo la aplicación electronica solomente en ingles)
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