OIO - OTR 1099 G Government Payments Executive Summary
Office of the Chief Financial Officer
Executive Summary for Closed Reports
Report No. 11-02-14-OTR: 1099-G Certain Government Payments, dated March 29, 2011.
Chief Risk Officer’s Risk Assessment
Regulatory risks associated with proper IRS filing requirements has been assessed a High. The single OIO recommendation was implemented.
To meet the requirement that the 1099-G file is compliant with the IRS filing requirements, System Change Request (SCR) #6117 was implemented in ITS on 12/28/11. With this system Change, as per IRS regulations, all refunds of $10 or more are reported to IRS.
To view the full report Click : OTR 1099 G Government Payment Full Report