In case you missed it, the IRS published new form instructions for certain Information Returns. Here are a few important updates:
• The Austin Submission Processing Center has changed to this new address: Internal Revenue Service, Austin Submission Processing Center, P.O. Box 149213, Austin, Texas, 78714
• An extension of time to furnish the statements is now a fax only submission. Do not send a submission by mail. Letters should be faxed to: Internal Revenue Service Technical Services Operation, Attn: Extension of Time Coordinator: Fax: 877-477-0572 (International Fax: 304-579-4105)
• Form 1099-H, Health Coverage Tax Credit (HCTC) Advance Payments, and its instructions have been converted from annual updates to continual use forms
• The title of Form 1099-MISC has changed from Miscellaneous Income to Miscellaneous Information
For the General Instructions for Certain Information Returns follow this link: https://www.irs.gov/pub/irs-pdf/i1099gi.pdf
Make sure to follow Comply Exchange for more industry updates and subscribe to the Comply Catch-up for a full industry round-up at the end of each month!
