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USDA Reminds Producers to File Adjusted Gross Income Consent Forms with the IRS
06/03/2011 10:29 AM EDT
For Immediate Release
June 6, 2011
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Contact:Linda L. Cronin
804-287-1537
linda.cronin@va.usda.gov
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USDA Reminds Producers to File Adjusted Gross Income Consent Forms with the IRS……
RICHMOND, VA – June 06, 2011 - Virginia Farm Service Agency (FSA) State Executive Director J. Calvin Parrish, reminds producers that, in order to receive USDA program payments, each payment recipient must have an Adjusted Gross Income (AGI) verification consent form on file with the Internal Revenue Service (IRS).……
The consent form authorizes IRS to verify for FSA whether a payment recipient’s AGI meets the eligibility requirements for FSA programs. The form became a requirement for payment eligibility beginning with the 2009 crop year, however many program participants have not complied with this requirement.……
"IRS and USDA reports show that, across Virginia and nationwide, IRS is still missing the required consent forms from many 2009 and 2010 USDA program participants," said Parrish. “In order to avoid an interruption of program payments, producers need to check their business records and turn these forms in to the IRS immediately if they have not done so already," he said. County Offices are making every effort to contact producers directly to ensure the importance of this policy is communicated to producers at the local level. However it is the participant’s responsibility to comply with this procedure.……
IRS requires written consent from all individuals or legal entities before verification of the average AGI can be provided to USDA. Individuals must submit form CCC-927and legal entities must submit form CCC-928 directly to IRS. Without these forms on file, producers will not receive USDA program payments. In addition, participants who received program benefits in 2009 and future years could risk repayment if the recipient is not in compliance with AGI regulations.……
Parrish further clarifies that these consent forms are required for payments received from the Natural Resources Conservation Service (NRCS) as well as those received through FSA. Completed forms must be returned to the IRS.……
For more information on AGI eligibility requirements or the AGI verification process, contact your local FSA office.……
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