The Internal Revenue Service has released a revision to Form 1099-A. The form in question reports acquisition or abandonment of secured property. The revised form moves to a continual use format designed to minimize future modifications to the form.
There are no changes to the filing requirements for the form.
The revised Form 1099-A has the hallmarks of other continual use forms, such as a removal of reference to specific years. There were also minor changes to the instructions for recipients included with the form. These changes do not affect filing obligations, which have not changed.
To review the revised Form 1099-A, please follow this link.
