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006.05.307-26-51-811. INFORMATION AT SOURCE AS TO RECIPIENTS OF INCOME

AR ADC 006.05.307-26-51-811Arkansas Administrative Code

West's Arkansas Administrative Code
Title 006. Department of Finance and Administration
Division 05. Division of Revenues
Rule 307. Comprehensive Individual Income Tax Regulations (Refs & Annos)
Ark. Admin. Code 006.05.307-26-51-811
006.05.307-26-51-811. INFORMATION AT SOURCE AS TO RECIPIENTS OF INCOME
1.26-51-811(a) Recipients of Income -- Generally
Every individual, fiduciary and business entity of whatever type or nature (payor) located within Arkansas shall report to the Department, on Form 1099, all payments totaling $2,500.00 or more made to taxpayers (payees, such as individuals, fiduciaries or business entities) during the tax year. Such payments shall include: interest; rent; salaries; wages; premiums; annuities; compensation; remuneration; gains; profits and other income. When such payments are not properly reported to the Department, the Department can disallow the payments as deductions or credits in computing the payor's Arkansas income tax liability. Moreover, the Department can require payors making payments as described above to withhold Arkansas income tax from such payments and remit the tax directly to the Department. ACA 26-51-812; ACA 26-51-901 et seq.
Current with amendments received through January 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 006.05.307-26-51-811, AR ADC 006.05.307-26-51-811
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