• Forms
• NCAS
• CAFR Year-End
• CMCS/Central Compliance
• E-Commerce/ SECP
• Central Payroll
• Statewide Foreign Nationals Compliance Program
• Policies
• Account Classification
• Accounts Receivable
• Capital Assets
• Cash Management
• Central Payroll (Universities)
• Electronic Commerce
• Federal and State Compliance
• Foreign Nationals
• Human Resources Accounting
• Internal Controls
• Long-term Liabilities
• Payment
• Procurement Card
• Records Retention and Reports Retention
• Revenues and Expenditures
• State Financial Reporting
• Tax Compliance
• Uniform North Carolina Accounting System

General Information Return Requirements Policy

• Information returns are required by the IRS for tax compliance auditing;

• Information returns are filed under the agencys/universitys Employer Identification Number (EIN), the EIN of OSC Central Payroll should never be used to transmit information returns;

• Should an agency/university not have an EIN, one should be applied for using an SS-4 form.

• Information returns are issued to individuals and other recipients as required by the IRS;

• Information returns are issued for payments such as interest, dividends, certain government payments, and miscellaneous payments to be reported as income by the recipients;

• Information returns are filed if payments reach the minimum dollar limits prescribed by the IRS for the calendar year;

• Information returns must be submitted to the IRS on magnetic media whenever 250 or more returns of any type of Information returns are filed;

• Information returns are issued to the recipients by January 31, following the calendar year being reported and filed with the IRS by February 28;

• Information returns must be corrected if necessary according to the IRS regulations; and,

• Information returns must be supported by worksheets and other documentation required for audit purposes, including written agency procedures for recording reportable payments and processing Information returns.