IRS Revises Publication 1179

October 17, 2018 Jesse Rooney

The IRS has recently revised Publication 1179, “General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498, and Certain Other Information Returns.”  The document details the format and specifications for printing various tax information return forms to be sent to the IRS and recipients. 

The What’s New for the revision notes the following:

  • Copies 1, B, 2, C, and D of forms have been made online fileable;
  • Boxes 9 and 11 on the 1042-S have been switched;
  • 1097-BTC, 1098-C, 1099-C, have been made online fileable; black-and-white Copies A of these forms may be printed from the IRS website and submitted;
  • On the 1099-R, a new reportable sale box added to show date of payment of reportable death benefits; instructions have been added to recipient copy; and two new distribution codes have been added; and
  • 5498 has added PO code for reporting qualified plan loan offset rollovers.

The above items reflect changes to the individual forms cited.  Those changes are more fully detailed in the revisions for each individual form. 

Additionally, the publication also contains editorial revisions throughout.

To review Publication 1179, please follow this link.  

About the Author

Jesse Rooney is a Regulatory Analysis Counsel at Sovos. His research focuses on AEOI, ACA, information return, and sales tax issues. Mr. Rooney received his B.A. from Framingham State University and his J.D. from the University of Massachusetts School of Law. He is licensed to practice in Massachusetts.

More Content by Jesse Rooney
Previous Article
Pennsylvania Updates Withholding Publications

The Pennsylvania Department of Revenue has revised two of its withholding publications.

Next Article
Puerto Rico Releases Forms 499R-2 and 499R-2C for Tax Year 2018

The Puerto Rico Hacienda recently released Forms 499R-2 and 499R-2C for Tax Year 2018.


Regulatory Analysis News - Delivered Weekly

Thank you for subscribing!
Error - something went wrong!