05-a-011 - Procedures for filing 2004 Form 1099 Information Returns (December 9, 2004) (supersedes 04-a-010) (superseded by 06-a-004)
|INFORMATIONAL CIRCULAR NO. 05-A-011||(Supersedes 04-a-010)|
|DATE:||December 9, 2004|
|SUBJECT:||Procedures for filing 2004 Form 1099 Information Returns|
|A & R CONTACT:||Ken Hasenbank||(785) 296-5304||(firstname.lastname@example.org)|
|SUMMARY:||Procedures for Filing 2004 Form 1099 Information Returns|
Agencies of the State of Kansas are considered to be a single payer by the Internal Revenue Service (IRS) and payment information is required to be filed by one transmitter. In addition, federal laws and regulations require the filing of information returns to be submitted by magnetic media or electronically. In order to comply with the reporting requirements of the IRS and to avoid the assessment of penalties, the Division of Accounts and Reports will transmit all 2004 calendar year 1099 information returns for the State of Kansas electronically.
Some payments by state agencies are IRS reportable but are not included in the Statewide Accounting and Reporting System (STARS) or required data is not provided by STARS. These payments require unique reporting procedures. Such expenditures include certain interest payments, State Fair premiums and purchases of real property.
Locally administered interest payments exceeding $10 are to be reported on Form 1099-INT. An example of these payments is interest paid from trust funds to clients by institutions like the Department of Social and Rehabilitation Services and the Department of Corrections.
IRS regulations require the State of Kansas to report on Form 1099-S any purchases of real property exceeding $600. Additional requirements for this form include a description or address of the property and the closing date of the purchase transaction. (Rental and construction costs are not to be included).
State Fair premiums are to be reported on form 1099-MISC.
Procedures for handling 1099 information returns for calendar year 2004 are as follows:
- Agencies that have made expenditures as described, will be responsible for the preparation and delivery of the appropriate 1099 forms to the payees prior to January 31, 2005. Do not mail forms directly to the IRS or to the Kansas Department of Revenue.
The payer's FEIN to use for the State of Kansas is 48-1124839.
- Agencies reporting applicable purchases of real property may submit the IRS and/or the State of Kansas copies of the 1099-S forms to the address below, and the Division of Accounts and Reports will submit this information to the IRS.
For those agencies with other expenditures to report, the DA-43 form (http://www.da.ks.gov/ar/forms/), should be used if you have fewer than 20 records. If you have 20 or more records to submit they should be submitted as a text file in the attached format shown on the Non-STARS record layout form. You may submit a text file for fewer than 20 records if you want. All data should be remitted by February 16, 2005 to:
Division of Accounts and Reports
Central Accounting Services Section
900 SW Jackson, Room 351-S, LSOB
Topeka, Kansas 66612-1248
Attention: Ken Hasenbank
If you are submitting a text file you may submit the file via diskette or e-mail the file as an attachment to email@example.com.
- If any agency finds it necessary to issue a corrected information return, the payee should be provided a copy as soon as possible. The IRS copy of the corrected form (marked "corrected") should be forwarded promptly to the Central Accounting Services Section of the Division of Accounts and Reports.
Attachment: Non-STARS Record layout (pdf)