IRS Releases Publication 1220

October 2, 2017 Adam Rivera

The IRS has released Publication 1220 for Tax Year 2017. There are a number of changes from the previous version.


Specifically, several forms now have new field positions or instructions, the list of states that participate in the IRS’ Combined Federal/State Filing Program has been updated, instructions for the FIRE System have been updated, and there were some record layout changes made to the Extension of Time record.

Some specific changes made to Publication 1220 can be seen below, but please see Publication 1220 for all other changes:

Form Changes

  • Form 1098, Mortgage Interest Statement: Payee “B” Record - Added field position 670-673 - Number of Mortgaged Properties
  • Form 1098-T: New Instructions for Field Position 544, TIN Solicitation Certification
  • Form 1099-B: Added new code for Field Position 546, Type of Gain or Loss Indicator (4- Ordinary and Long Term)
  • Form 1099-C, Cancellation of Debt: Payee "B" Record - Field Position 547 - Renamed Code H to: Other actual discharge before identifiable event. Deleted Indicator I. (Old code I is now H.)
  • Form 1099-OID, Original Issue Discount: Payer 'A' Record - Field Position 28-43 - Added Amount Code C, Tax-Exempt OID
  • Form 1099-S, Proceeds From Real Estate Transactions: Payee 'B' Record - Added Field Position 595, Foreign Transferor
  • Form 5498, IRA Contribution Information: Payee 'B' Record - Field Position 556-557 - Added Code SC
  • Record Layout for Extension of Time

New Entries for Payer “A” Record Specs

  • Form 1099-K
  • Form 1099-LTC

Combined Federal and State Filing (CF/SF)

  • Added Oklahoma - Code 40
  • Removed Virginia - Code 51 

Miscellaneous Instructions Changes

  • New instructions for 1099-MISC extension filers
  • Questions regarding electronic filing information returns should now be sent to
  • Approval letters will not be issued for the additional 30-day extension request

About the Author

Adam Rivera is a member of the Regulatory Analysis Team's Direct Tax division at Sovos. His main areas of focus are Federal and State Tax Withholding and Affordable Care Act (ACA) Reporting. Prior to Sovos, Adam worked as a legislative aide in the Florida House of Representatives. He also has experience in securities law, focusing on securities litigation and researching emerging crowdfunding methods of raising capital. Adam is a member of both the Massachusetts and Florida Bars. He earned his B.A. from the University of Florida and his J.D. from the University of Miami.

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