Truncated SSN on Information Returns

Post Date: 4/29/11
Last Updated: 4/29/11

Summary

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.
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