Truncated SSN on Information Returns
Post Date: 4/29/11 |
Last Updated: 4/29/11 |
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Tax professionals and practitioners may have noticed lately that certain paper information
documents brought in by clients did not contain the client’s full identification
number (SSN or ITIN). Primarily, Form 1098 series (mortgage interest), Form 1099 series
(various payments, including interest and dividends, distributions from retirement
plans, etc.), and Form 5498 series (IRA and other items) obscured the first five digits of the
payee’s identification number.