IRS corrects procedure providing guidelines for substitute forms

The IRS has corrected Rev. Proc. 2015-55, I.R.B. 2015-49, 788, which provided general requirements and conditions for the development, printing and approval of all substitute tax forms to be acceptable for filing in lieu of official IRS-produced and distributed forms. The corrections are as follows:

• In Section 1.1.5 Forms Not Covered by This Revenue Procedure, under the 4th bullet, the reference to Form 8935 was deleted, as the form is now obsolete.

• In Section 1.2.1 Where To Send Substitute Forms, the bullet incorrectly referred to form “S-3c.” The correct reference is “W-3c.”

• In Section 1.2.1 Where To Send Substitute Forms, the 4th bullet incorrectly referred to form “3022”. The correct reference is “3922.”

• In Section 4.1.1 General, the 2nd bullet has an incorrect title for Publication 1179. The correct title for Publication 1179 is “General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498, and Certain Other Information Returns.” (Announcement 2015-35, 2016FED ¶46,207.)

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