Monday 17 March 2014

How to File a 1099-G with E-File

People receive a 1099-G for receiving any agricultural compensation, taxable grants or unemployment compensation in the previous tax year. The 1099-G is a form from the Internal Revenue Service (IRS) that allows you to keep track of how much money you have received from these benefits, how much was taken out for taxes and how much you must report. You must report this amount on Form 1040 upon filing for taxes through the IRS's e-file service.
Log in to the IRS Web site (see Resources). Create a profile with the IRS; this is required prior to being granted permission to e-file. Select "Free File" when presented with your options. Continue completing the form, which will ask you numerous questions, including your tax credit eligibility, income limits and filing status.
Enter your personal information, which includes your name, birth date, Social Security number, phone number, address and e-mail address. Create an online PIN number; this allows you to return to the filing application at a later date without having to re-enter your information.
Confirm your PIN. Open the e-mail that is sent to your e-mail address and click the link inside. Log into the e-file system once more with the now-verified PIN number. Choose the correct filing method.
Determine whether you can fill out the forms yourself or you require a guide. The IRS recommends you be guided through the program to prevent filing incomplete forms.
Find line 10 on Form 1040. Enter how much you received as reported on your 1099-G. It may not necessarily ask you to do this, but it may in the form of "Did you receive unemployment compensation last year?" Here, you must enter the amount.

Double-check your 1099-G before e-filing. Ensure the 1099-G amount is on Form 1040 on line 10. This will be on the first page.

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