Code of Federal Regulations · Section

§ 256.51 — Does Fiscal Service Report Judgment Fund Payments To The Irs As Income To The Payee On Irs Form 1099?

31 C.F.R. § 256.51

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No, Fiscal Service does not report Judgment Fund payments as potential taxable income to the IRS. Fiscal Service does not have sufficient information about the payment to determine if a Form 1099 must be issued or to prepare such a form when required. To the extent any Form 1099 needs to be issued, it is the responsibility of the agency submitting the payment request to do so.

31 C.F.R. § 256.50 31 C.F.R. § 256.52

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