Why did I receive a Form 1099-G from the Revenue Division?
The Internal Revenue Service (IRS) requires government agencies to provide Form 1099-G when certain payments, generally a refund or credit carryforward, are made during the year because these payments may be taxable income for the recipients. The Revenue Division must report on Form 1099-G any refund or credit carryforward amount issued during the tax year. If you received a 1099-G from the Revenue Division, you received a refund or credit carryforward during the previous tax year. Therefore, you may be required to report the refund or credit as income on your federal income tax return.
Note: You may receive multiple Form 1099s from the Revenue Division or other Portland bureaus. You may be required to report amounts from all Form 1099s that you receive as income on your federal income tax return.
The Revenue Division will not determine the taxability of any amount on the 1099-G. The taxpayer must consult their tax advisor or refer to tax preparation guidance provided by the IRS and other sources to determine how much, if any, of the reported amount is taxable.
Why did I receive a Form 1099-INT from the Revenue Division?
The IRS requires the Revenue Division to report on Form 1099-INT interest of $600 or more that was paid on refunds issued during the tax year.