You should know: Farmer 1099s in error



Federal farm officials are working to resolve issues with 2012 IRS 1099 forms issued to farmers who received financial assistance from the Natural Resources Conservation Service.

According to USDA’s Office of the Chief Financial Officer, the IRS forms issued in January may be in the wrong amount or may not have been issued.

Data used to produce correct 1099 information was left out when a system change took place May 1, 2012, and NRCS financial experts are working with the Department of Agriculture’s Controller Operations Division to help get 1099s to the appropriate people as quickly as possible, the agency said.

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