IRS Releases Updated Publication 1281, Backup Withholding For Missing and Incorrect Name/TIN(S)

Gerry Nelligan
April 12, 2017

This blog was last updated on June 27, 2021

The IRS has released an updated version of Publication 1281, Backup Withholding For Missing and Incorrect Name/TIN(S).

There are a couple of changes from the previous revision:
• Form 1099-G payments made under IRC 6041 and 3406(b)(3)(A), which include taxable grants and agricultural payments, are now subject to backup withholding
o New code for the Payer “B” Record to account for this change
 Position 17-18, “91” = Form 1099-G

To view the new Publication 1281, link is found Here

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Author

Gerry Nelligan

Gerry Nelligan is a Regulatory Analysis Supervisor at Sovos, leading a team of counsels covering information reporting, including 10-Series IRS reporting, Affordable Care Act (ACA) reporting and Automatic Exchange of Information (AEOI). Gerry received his J.D. from Suffolk University Law School and his B.A. from Providence College. He is a licensed attorney in the state of Massachusetts.
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