In addition to the updates in our December 2021 post on the DRAFT General Instructions found here, the FINAL version includes information re

On December 16, 2021, the IRS published DRAFT 2022 General Instructions for Certain Information Returns (Forms 1096, 1097, 1098, 1099, 3921,

Don’t forget the Filing Information Returns Electronically (FIRE) updates coming in September 2021, where we will see

On July 23, 2021, the Department of the Treasury and Internal Revenue Service published Proposed Rules for Electronic Filing Requirements

On February 23, 2021, the IRS published the 2021 Instructions for Form 1042-S. Follow the link to review these new instructions. Updates include: • Chapter 3 Exemption Code 02. This code is now for income "Exempt under IRC." A new footnote 7 clarifies that exemption code 02 should be used only if no other specific chapter 3 exemption code applies. • Chapter 3 Exemption Code 24. This new code is for income that is "Exempt under Section 892." • Requests for extensions of ti