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The IRS has released
Notice 2009-93, announcing a pilot program
allowing filers of information returns to truncate an individual
payee’s identifying number on paper statements for calendar years
2009 and 2010. An individual identifying number is a social security
number (SSN), individual taxpayer identification number (ITIN) or
adoption taxpayer identification number. The provision applies only
to information returns in the 1098, 1099, and 5498 series. It does
not apply to employer identification numbers (EINs) in the format
xx-xxxxxxx. The notice also requests public comments by May 1, 2010.
Under this optional program, payers
may replace the first five digits of identifying numbers with
asterisks or the letter x. For example, a social security number
could appear as ***-**-1234 or xxx-xx-1234. This will enable better
protection of personal identifying information for the recipients.
To see the requirements for
participating in this pilot program, see
Notice 2009-93. The notice also contains instructions on making
public comments.
Please send an e-mail to
info@1099fire.com with any comments you might have. |
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