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Wording on 1099 envelopes mailed to recipients
February 7, 2024
Q. Is the phrase "IMPORTANT TAX RETURN DOCUMENT ENCLOSED" required on the envelopes for mailing 1099 forms to the recipients?
A.
(Answered by IOFM's third-party tax experts)
The IRS General Instructions for Certain Information Returns, part M, pages 15-17, show that IMPORTANT TAX DOCUMENT ENCLOSED is required on the outside of the envelope that contains a Form 1099-MISC reporting royalty income in Box 1, or containing a Form 1099-DIV, 1099-INT, 1099-OID or 1099-PATR. However, many payers use…
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