Compliance July 14, 2009
Multitude of Changes in IRS Payroll Filing Procedure
July 14, 2009 (PLANSPONSOR.com) - The Internal
Revenue Service (IRS) has released specifications for filing
2009 Forms 1098, 1099, 5498, and W-2G electronically through
the IRS Filing Information Returns Electronically (FIRE)
System, according to CCH.
Reported by Fred Schneyer
These specifications, which will be reprinted as the next revision of IRS Publication 1220, must be used for the preparation of 2009 tax year information returns and information returns for tax years prior to 2009 that will be filed beginning January 1, 2010, according to CCH.
CCH listed six changes to note, including new forms, a renamed distribution code, and changes in corrections procedures, as well as 19 programming changes.
More details about the changes are at http://hr.cch.com/news/payroll/071409a.asp .
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