Employee Benefits

On April 14, 2011, the IRS issued Notice 2011-38 to announce an extension of the voluntary pilot program that allowed a plan administrator to truncate an individual payee's nine-digit identifying number on paper Forms 1099-R (including substitute and composite substitute statements) issued for calendar years 2009 and 2010.  The original pilot program was announced in Notice 2009-93 and you can read our summary on the original pilot program here. In order to allow for more time to evaluate the pilot program, the IRS has extended the program as to paper Forms 1099-R furnished for calendar years 2011 and 2012. As in the prior announcement, Notice 2011-38 does not apply to forms filed with the IRS, electronically furnished payee statements, and payee statements not in the Form 1098, 1099, or 5498 series (such as a Form W-2).

Read the entire alert about the IRS Pilot Program.