Instructions for Forms 1099-A and 1099-C - Introductory Material
Truncating borrower/debtor identification number on paper payee statements.
Notice 2011-38 allows filers of Forms 1099-A and 1099-C to truncate a borrower’s (Form 1099-A) or debtor’s (Form 1099-C)
identification number (social security number (SSN), individual taxpayer identification number (ITIN), or adoption taxpayer
identification number (ATIN)) on paper payee statements for tax years 2011 and 2012. See part M in the 2012 General Instructions
for Certain Information Returns.
Form 1099-C box changes.
The titles for boxes 1, 2, and 6 on Form 1099-C have changed. Box 1 is now Date of Identifiable Event; box 2 is now
Amount of Debt Discharged; and box 6 is now Identifiable Event Code, and requires the entry of a code for the identifiable
event. See Box 6—Identifiable Event Code
. For 2012, all codes are optional except for Code A—Bankruptcy.
In addition to these specific instructions, you should also use the 2012 General Instructions for Certain Information Returns
(Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G). Those general instructions include information about the following topics.
Electronic reporting requirements.
Who must file (nominee/middleman).
When and where to file.
Taxpayer identification numbers.
Statements to recipients.
Corrected and void returns.
Other general topics.
You can get the general instructions from IRS.gov or by calling 1-800-TAX-FORM (1-800-829-3676).
The IRS has created pages on IRS.gov for information about Forms 1099-A and 1099-C and their instructions, at www.irs.gov/form1099a
. Information about any recent developments affecting Forms 1099-A or 1099-C and their instructions (such as legislation enacted
after we release them) will be posted on these pages.