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U.S. Master™ Payroll Guide, 2008 Edition
Everything you need to know about payroll, from employers and their obligations, to payroll withholding and tax deposits, to payroll management and administration issues.

IRS updates substitute forms specs for information returns

The IRS has released a revenue procedure setting forth the requirements for using IRS forms to file 2008 information returns, preparing acceptable substitutes of the official forms, and using official or acceptable substitute forms to furnish information to recipients. The revenue procedure covers Forms 1096, 1098 series, 1099 series, 5498 series, W-2G, and 1042-S. Further, the procedure outlines the official form specifications for a form or statement to be acceptable. Substitutes that totally conform to the specifications may be privately printed and filed as returns with the IRS. Taxpayers may contact the Substitute Forms Program by email at taxforms@irs.gov with "Substitute Forms" on the subject line for clarification of any specification, or by mail to: IRS, Attn: Substitute Forms Program, SE:W:CAR:MP:T:T:SP, 1111 Constitution Ave., NW., Room 6526, Washington, D.C. 20224.

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