Furthermore, he said Form 941 was updated for 2010 second quarter reporting as a result of the HIRE Act. This form also is valid for the third and fourth quarter. Copy designations on Form 1098 are changing as well. Copy B will be "For Payer/Borrower" (formerly "For Payer"). Copy C will be "For Recipient/Lender" (formerly "For Recipient."). Form 1099-G has been updated to add Boxes 10a, 10b and 11 for the convenience of those states requiring state income tax withholding on unemployment compensation. There were no changes to envelope compatibility. Box 10 was added to Form 1099-INT to report the Committee on Uniformed Security Identification Procedures (CUSIP) number for each tax-exempt bond for which interest was reported in box 8. And finally, the copy designation on Copy C of Form 1099-SA was changed from "For Payer" to "For Trustee/Payer."
Smooth Sailing
Tax forms don’t have to be taxing