PPT-How to upload 1099’s to the Oklahoma Tax Commission

If you participate in the IRS Combined FedState program you do not need to upload your 1099s to the State of Oklahoma We will receive them from the IRS Log into OkTap httpsoktaptaxokgovoktapweb. History of Oklahoma City. Oklahoma was founded in1889 on April 22. nd. when the area was known as the “unassigned lands.” (where the . I. ndians had not been . settled. .). Oil was discovered in the city in 1928. . SCENARIO-BASED TRAINING. THIS LESSON YOU WILL . REVIEW. Filing Status. Personal Exemptions. Income – W-2, 1099-INT. Itemized Deductions versus Standard Deduction. Form 8888. TODAY YOU WILL . LEARN. Tax Year 2015. Agenda. 1099’s. 1099 Overview. How to perform required setup. How to process 1099’s. Review/Questions. 2. What is a 1099?. IRS Tax Document – similar to a W-2. Reports . money . paid to an individual/corporation throughout the year. Presented by. Steve Nielson. OFM Statewide Accounting. March 2016. Today’s Topics. Why does the IRS require a Form 1099-MISC?. What does OFM have to say about following IRS regulations?. What are the consequences of not filing correctly, or not filing at all?. DOA – State Accounting Bureau . 2016. Deadlines and Dates . Important 1099-MISC information . Verifying the W-9. Reportable vs. Non-Reportable Payments. Withholding Classification. Marking a Voucher for Withholding . If you participate in the IRS Combined Fed/State program you do not need to upload your 1099’s to the State of Oklahoma. We will receive them from the IRS.. Log into OkTap. https://oktap.tax.ok.gov/oktap/web/. Presented by. Steve Nielson. OFM Statewide Accounting. March 2016. Today’s Topics. Why does the IRS require a Form 1099-MISC?. What does OFM have to say about following IRS regulations?. What are the consequences of not filing correctly, or not filing at all?. DOA – Warrant Writer Unit. State Accounting Bureau. 2017. Objectives . 1099 Reporting. Deadlines and dates. Important 1099-MISC information. Goods vs. services. Verifying the W-9. Reportable vs. non-reportable payments. 1099-MISC/1042 REPORTING DOA – Warrant Writer Unit State Accounting Bureau 2017 Objectives 1099 Reporting Deadlines and dates Important 1099-MISC information Goods vs. services Verifying the W-9 Reportable vs. non-reportable payments Agenda. Purpose of Form 1099 MISC. Typical Recipients . Overview – Line by Line Detail. Filing Requirements. Back to School Basics - Form 1099 MISC . A record of income received from a business for services rendered. Legislative Authority Internal Revenue Code (IRC) section 61(a)(12): Gross income includes “income from discharge of indebtedness.” CODI. Amount realized: smaller of fair Discharge of r Oklahoma History Center800 Nazih Zuhdi DriveOklahoma City OK 73105Research Center405-522-5225researchokhistoryorgwwwokhistoryorg/researchFFINDINGINDING Y YOUROUR A AMERICANMERICANIINDIAN A ANCESTORSNC Forms IRS . 1099-MISC and 1099-NEC. Information for the . 2020 . and subsequent tax years. We are required to provide taxpayer information to the IRS for direct fee payments made to representatives of claimants for Social Security and Supplemental Security Income benefits. Year Nine Project Kick-off. PFM Group Consulting LLC.. 1735 Market St. . 43. rd. Floor. Philadelphia, PA 19103. (267) 713-0700. pfm.com. January 25, 2024. Randall Bauer, Director. Today’s Agenda. 2024 project activities to date..