FSA rules change for tax season

Wisconsin Farm Service Agency reminds producers receiving less than $600 will no longer receive IRS Form 1099-G, Report of Payments to Producers, or IRS Form 1099-MISC.

In past years, IRS Forms 1099-G would be issued to show all program payments received from the Farm Service Agency, regardless of the amount.

Starting with calendar year 2012, producers whose total reportable payments from FSA are less than $600 will not receive IRS Form 1099-G. In addition, producers who receive payments from more than one county will only receive one Form 1099-G if the total of all payments from all counties is $600 or more.

If the payments were subject to voluntary or involuntary withholdings a Form 1099-G will be issued regardless of the total amount of the payments.

The same changes will apply to producers and vendors who normally receive IRS Form 1099-MISC from FSA.

For information, contact you County FSA office.

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