Alabama Administrative Code
Title 810 - ALABAMA DEPARTMENT OF REVENUE
Chapter 810-3-26 - INFORMATION FROM SOURCE OF INCOME
Section 810-3-26-.01 - Information Returns
Current through Register Vol. 42, No. 11, August 30, 2024
(1) All resident payers engaged in a trade or business and making nonwage payments of fifteen hundred dollars ($1,500) or more within a calendar year to any person (whether a resident or nonresident) are required to issue an information return (Federal Form 1099) to the payee and file a copy of such return with the Department. Payments which are required to be reported include all nonwage payments exceeding $1,500 which must be included in the gross income of the recipient under Title 40, Code of Ala. 1975.
(2)Information to be reported. Each Form 1099 must include the following information:
(3) Combined Federal/State Information Return Reporting Program. Under the Combined Federal/State Information Return Reporting Program a single filing containing the required payee information us submitted electronically to the I.R.S. by the payer. A separate filing is not required to be sent to the Department by the payer. The I.R.S. will then forward the information to the appropriate state's Revenue Department.
Departmental approval to participate in the program is not required Payer's should contact the I.R.S. for the appropriate approval and instructions.
(4) Filing Dates.
(5) Miscellaneous Provisions.
(6) Penalties.
Authors: Neal Hearn
Statutory Authority: Code of Ala. 1975, §§ 40-2A-7(a)(5), 40-18-26.