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Truncating borrower s TIN on statements. Pursuant to Treasury Regulations section 301. 6109-4 all filers of Form 1099-A may truncate a borrower s TIN social security number SSN individual taxpayer identification number ITIN adoption taxpayer identification number ATIN or employer identification number EIN on payee statements. Pass-throughs and REMICs. Until further guidance is issued no penalty will apply for failure to file Form 1099-C or provide statements to debtors for a canceled debt...
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Early release drafts are preliminary versions of documents or reports that are released to stakeholders before the final version is completed.
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Those responsible for preparing the final document or report are required to file early release drafts.
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The purpose of early release drafts is to gather feedback from stakeholders and make any necessary revisions before the final version is completed.
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Information such as key findings, data analysis, and recommendations must be reported on early release drafts.
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