Truncating Social Security Numbers on Paper Payee Statements

April 14, 2011 - PRLog -- IRS Notice 2011-38 announces an extension and modification of the pilot program announced in Notice 2009-93, 2009-51 I.R.B. 863. This notice extends the pilot program as to paper payee statements furnished for calendar years 2011 and 2012, in order to allow more time for the IRS and taxpayers to evaluate the program. This notice also modifies the requirements announced in Notice 2009-93 by excluding Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes, from the pilot program as it is an “acknowledgement” required by section 170(f)(12), rather than a payee statement.

Links:

Notice 2011-38 - http://www.irs.gov/pub/irs-drop/n-11-38.pdf
Notice 2009-93 - http://www.irs.gov/irb/2009-51_IRB/ar10.html

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