North America

IRS Extends Continuous Use Format For 1099-LS, 1099-Q, 1099-SA, and 1099-BTC

Robert Beck
April 1, 2022

The IRS has chosen to extend the continuous use format for several forms including Form 1099-LS, 1099-Q, 1099-SA, and 1097-BTC. These forms were converted to a continuous usage format in 2019 and have remained unchanged since. The forms are respectively used for the reporting of reportable life insurance sales, payments made from qualified education programs under Sections 529 and 530, reporting distributions from an HSA, Archer MSA, or Medicare Advantage MSA, and reporting bond tax credit.

These forms may all be found on the IRS’s Forms, Instructions & Publications page linked here.

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Author

Robert Beck

Robert Beck is a Junior Regulatory Counsel at Sovos Compliance. As part of the Regulatory Analysis team, his main areas of focus are state and federal tax withholding, and the Affordable Care Act (ACA). Robert is a member of the Massachusetts Bar and received his J.D. from New England Law | Boston and his B.A. in Justice from University of Alaska Fairbanks.
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