This announcement contains an update to Publication 1220, Specifications for Filing Forms 1097, 1098, 1099, 3921, 3922, 5498, 8935 and W-2G, Electronically, revised (9-2011), concerning the filing of Form 1099-K.
Part C. Section 6(14), Payee “B” Record Layout for Form 1099-K, field positions 605-608 (page 73), the reference to Rev. Proc. 2004-43 related to Merchant Category Codes has been deleted.
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