Office of the Chief Financial Officer

Executive Summary for Closed Reports

Original Report

Report No. 11-02-14-OTR: 1099-G Certain Government Payments, dated March 29, 2011.

Current Status

Closed.

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.

Recommendations Overview   

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