The IRS recently updated the Instructions for Forms 3921 and 3922. The instructions state that filers may truncate a recipient's TIN on payee statements. However, truncation is not allowed on any documents the filer files with the IRS. The payer's TIN may not be truncated on any form.
IRS Releases Updated Instructions for Forms 3921 and 3922
Nicolette Chasse
October 25, 2017
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Author
Nicolette Chasse
Nicolette Chasse is a Junior Regulatory Counsel at Sovos Compliance. Her main areas of focus are Automatic Exchange of Information (AEOI) reporting under FATCA and CRS and 1099 Federal Withholding Reporting. Nicolette received her B.A. at Trinity College and her J.D. at Penn State’s Dickinson School of Law. She is a member of the Massachusetts Bar.
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