IRS Releases Update to Publication 1220 for Tax Year 2021

Robert Beck
November 16, 2021

The IRS recently released its 2021 Publication 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G. This year, the IRS has made several small but notable changes that could impact taxpayers. The most notable of these changes are detailed in the bullets below.
• The application for new and additional Transmitter Control Codes (TCCs) has been changed from Form 4419 to an all-online application. Form 4419 is still used for updating account information but not for requesting new or additional codes.
• Form 1099-NEC has been added to the list of forms processed by the Combined Federal/State Program (CF/SF).
• The February 15 due date for Forms 1099-MISC which was previously for forms with amounts reported in boxes 8 or 14 is now for amounts reported in boxes 8 or 10.
• For Form 1099-MISC, Amount Code F has been added for Fish Purchased for Resale.
• For Form 1099-DIV, Amount Type Section 897 Ordinary Dividends and Section 897 Capital Gains have been added along with corresponding Amount Codes H and J respectively.
• Form 1099-H and the appropriate codes have been re-added to the publication.
• Numerous changes have been made to the record layouts for the various records. These are detailed in the publication itself.
To view the complete Publication, click here.

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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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