Update to Publication 1220, Specifications for Filing Forms 1097-BTC, 1098, 1099, 3921, 3922, 5498, 8935 and W-2G Electronically. This update is due to changes in the reporting requirements for Form 1099-R, Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
The passage of the Small Business Jobs Act, Sections 2111 and 2112 affected Tax Year 2010 filing for Form 1099-R. Filers should follow guidelines located in Instructions for Forms 1099-R and 5498 for reporting requirements. Electronic filers who have a reporting requirement for in plan Roth rollovers, can report the amount in the Special Data Entries field, positions 663-722 of the Payee B Record. Payment amounts must contain U.S. dollars and cents. The right-most two positions represent cents. Amounts should be right-justified in the field with leading blanks. If you have questions concerning filing requirements or electronic filing through the FIRE System, please call toll-free 1-866-455-7438.
The Internal Revenue Bulletin is produced and published by the Internal Revenue Service and contains IRS pronouncements affecting tax analysis under the Code and the Regulations, including but not limited to Revenue Procedures, Revenue Rulings, Notices and Announcements. Access the IRS site at https://www.irs.gov/help/irsgov-accessibility for information concerning accessibility of IRS materials. While every effort has been made to ensure that the IRB database files available through the TouchTax application are accurate, those using TouchTax for legal research should verify their results against the printed versions of the IRBs available from the IRS.