What is a Form 1099-G?
The Form 1099-G is a report of income you received from the Missouri Department of Revenue. The Internal Revenue Service requires government agencies to report certain payments made during the year, because those payments may be considered taxable income for the recipients. The department must report any refund or overpayment credit amount issued to individuals who claimed itemized deductions on their federal income tax returns for the year noted on Form 1099-G. Any interest paid on refunds must also be reported.
A Form 1099-G must be filed by DOR for refunds, credits or offsets of state income tax when the recipients itemize deductions on their federal income tax returns. How can affected taxpayers protect their personal information? Taxpayers who receive a letter with a Equifax PIN should follow the instructions to apply for free credit monitoring. There are other steps that can be taken to protect personal information. Ask credit bureaus to place a “fraud alert” in your credit files for free. Fraud alerts notify potential credit grantors to verify your indetification before extending credit in your name. You can also place a “security freeze” on your credit report, which prohibits a credit bureau from releasing information in your credit report without your express authorization. You must request a freeze in writing by certified mail with each of the three credit bureaus, and there is a $10 fee per credit bureau.
