Table of Contents

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The capital gains rate for qualified dividends has generally been reduced to zero after December 31, 2007, for individuals whose other income is taxed at the 10% or 15% rate.
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RICs meeting the requirements under final Regulations section 1.853-4 have new reporting requirements for boxes 6 and 7.
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The Caution for box 6 has been revised to reflect the allowance under new final Regulations section 1.199-6. The allowance of the deduction at the entity level changes the tax treatment of the cooperative's deduction under section 1382.
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Section 8211(a) of the U.S. Troop Readiness, Veterans Care, Katrina Recovery, and Iraq Accountability Act extended the work opportunity credit through August 31, 2011.
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In the instructions for Box 10. Other Credits and Deductions, the reference to Form 8861, Welfare-To-Work Credit, has been deleted from the list of pass-through credits due to its repeal as a separate credit. Instead, qualified second-year wages are reported on Form 5884, Work Opportunity Credit. Also, the reference to Form 5884-A, Employee Retention Credit, which expired after 2006, has been deleted.
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A reference to the reporting requirements for eligible charitable distributions under section 408(d)(8) has been deleted due to expiration of the provision.
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Permissible withdrawals from eligible automatic contribution arrangements have been added to the list of distributions that are not eligible rollover distributions. Specific reporting instructions for these permissible withdrawals have been added under Permissible Withdrawals under Section 414(w) .
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Reporting instructions for qualified rollover contributions as defined in section 408A(e) have been added under Reporting a direct rollover .
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A Caution has been added to the instructions for box 2a to notify filers to disregard the amount which may be excludible under section 402(l) as a distribution of payments for qualified health and long-term care insurance premiums for retired public safety officers when computing the taxable amount in box 2a.
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Instructions for withholding on nonqualified distributions from designated Roth accounts have been added under Eligible rollover distribution; 20% withholding.
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The following changes were made to the Guide to Distribution Codes.
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For Distribution Code 1, reference to the qualified reservist distribution under section 72(t)(2)(G) has been deleted due to expiration of the provision.
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An exception was added to Distribution Code 2 for distributions that are permissible withdrawals under an eligible automatic contribution arrangement under section 414(w).
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New Distribution Code H, Direct rollover of a designated Roth account distribution to a Roth IRA, has been added.
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Distribution Codes B and D are a valid combination
for 2008.
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A section has been added to direct filers to the IRS website for information on disaster relief available for presidentially declared disaster areas.
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Somalia has been added to the list of locations in the designated combat zone for Enduring Freedom.
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Instructions have been added for the reporting of qualified rollover contributions to Roth IRAs in box 2.
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Rev. Proc. 2007-57 informs sponsors of poker tournaments, including casinos, that payments of winnings of more than $5,000 are subject to the rules for regular gambling withholding and information reporting under section 3402(q) and its regulations for payments made on or after March 4, 2008.
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Instructions for box 9 have been added informing issuers of the requirement to complete box 9 with the TIN of the person receiving the winnings. Failure to supply a correct TIN (SSN or ITIN) will result in backup withholding on the winnings.
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Instructions for boxes 11 and 12 have been clarified to inform issuers (other than state lotteries) of the need to obtain 2 forms of identification from the person receiving the winnings as a means of verifying the recipient's SSN/ITIN, name, and address.
The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of missing children selected by the Center may appear in instructions on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST(1-800-843-5678) if you recognize a child.
In addition to these general instructions, which contain general information concerning Forms 1099, 1098, 5498, and W-2G, we provide specific form instructions as separate products. Get the instructions you need for completing a specific form from the following list of separate instructions.
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Instructions for Forms W-2G and 5754
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Instructions for Form 1098
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Instructions for Form 1098-C
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Instructions for Forms 1098-E and 1098-T
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Instructions for Forms 1099-A and 1099-C
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Instructions for Form 1099-B
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Instructions for Form 1099-CAP
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Instructions for Form 1099-DIV
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Instructions for Form 1099-G
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Instructions for Form 1099-H
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Instructions for Forms 1099-INT and 1099-OID
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Instructions for Form 1099-LTC
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Instructions for Form 1099-MISC
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Instructions for Form 1099-PATR
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Instructions for Form 1099-Q
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Instructions for Forms 1099-R and 5498
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Instructions for Form 1099-S
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Instructions for Forms 1099-SA and 5498-SA
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Instructions for Form 5498-ESA
See How To Get Forms, Publications, and Other Assistance on page 15.
See the chart on pages 17 and 18 for a brief summary of information return reporting rules.
You must send Copies A of all paper Forms 1099, 1098, 5498, and W-2G to the IRS with Form 1096, Annual Summary and Transmittal of U.S. Information Returns. Instructions for completing Form 1096 are contained on Form 1096. Also see part E on page 5.
If you backup withhold on a payment, you must file the appropriate Form 1099 or Form W-2G with the IRS and furnish a statement
to the recipient to
report the amount of the
payment and the amount withheld. This applies even though the amount of the payment may be below the normal threshold for
filing Form 1099 or Form
W-2G. For how to report backup withholding, see part N on page 11.
If you are using a substitute form to furnish statements to recipients (generally Copy B), be sure your substitute statements comply with the rules in Pub. 1179, General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498, W-2G, and 1042-S. Pub. 1179, which is revised annually, explains the requirements for format and content of substitute statements to recipients. If you are using a substitute form to furnish information to recipients, it must comply with the requirements in Pub. 1179. See part M on page 9 for additional information.

the tax year, form number, and form name prominently displayed together in one area of the statement. For example, they could
be shown in the
upper right part of the statement.
TIN Matching allows a payer or authorized agent who is required to file Forms 1099-B, DIV, INT, MISC, OID, and/or PATR, which report income subject to backup withholding, to match TIN and name combinations with IRS records before submitting the forms to the IRS. TIN Matching is one of the e-services products that is offered and is accessible through the IRS website. For program guidelines, see Pub. 2108A, e-Services On-Line TIN Matching Program, or go to www.irs.gov and enter keyword “TIN matching” in the upper right corner. It is anticipated that payers who validate the TIN and name combinations before filing information returns will receive fewer backup withholding (CP2100) “B” notices and penalty notices. E-services technical support is available by calling 1-866-255-0654, Monday through Friday, from 6:30 a.m. to 6:00 p.m., Central time.
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