The Bureau of Workers’ Compensation (BWC) will soon mail Internal Revenue Service (IRS) 2013 1099 MISC forms to employers that received rebates in 2013 as part of “A Billion Back.” BWC is required to send 1099 MISC forms to all employers that received payment of more than $600.
The rebate amount listed on your 1099 MISC form may be different from the rebate check amount you received last year. This difference is due to BWC withholding from the rebate check any outstanding balance owed.
Details for the 1099 MISC can be viewed and printed by logging in to your BWC e-account starting January 31. You can email BWC for more information about your IRS 1099 MISC form. Rebate recipients are encouraged to consult with their tax professionals regarding tax reporting requirements.
Please contact Holbrook & Manter, CPAs with any questions.