Maine Revenue Services: Form 1099 FAQ Detail

09. This statement shows a refund of $1,500 last year. I did get a refund for that amount, but I amended my return a few months later, and had to pay $500 back. Shouldn't the statement say my net refund was $1,000?

Federal law requires Maine Revenue Services to report the actual refund or credit amount. We cannot net the amount against other transactions. Therefore, your 1099 form is correct as issued. For information on how to report the income and deduct your payment on your federal return, contact the IRS, or visit their web site at http://www.irs.gov .

Bureau Information

09. This statement shows a refund of $1,500 last year. I did get a refund for that amount, but I amended my return a few months later, and had to pay $500 back. Shouldn't the statement say my net refund was $1,000?