The attached PDF file contains the IRS instructions for filing 2011 Form 1097-BTC.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Definitions

Tax credit bond. Generally a tax credit bond is an obligation issued under section 54, 54A, 54AA, or 1400N(l) that entitiles the taxpayer holding such bond on one or more credit allowance dates occurring during any tax year to a credit against the federal income tax imposed for that tax year.

Qualified tax credit bond. Qualified tax credit bonds under section 54A are qualified forestry conservation bonds under section 54B, new clean renewable energy bonds under section 54C, qualified energy conservation bonds under section 54D, qualified zone academy bonds under section 54E, and qualified school construction bonds under section 54F.

Qualified forestry conservation bond. An obligation that is part of an issue 100 percent of the available project proceeds of which are used to finance one or more qualified forestry conservation purposes, as defined in section 54B.

New clean renewable energy bond. An obligation that is part of an issue 100 percent of the available project proceeds of which are to be used for capital expenditures incurred by governmental bodies, public power providers, or cooperative electric companies for one or more qualified renewable energy facilities, as defined in section 54C."

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The attached PDF file contains the IRS instructions for filing 2011 Form 1098.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Exceptions

You need not file Form 1098 for interest received from a corporation, partnership, trust, estate, association, or company (other than a sole proprietor) even if an individual is a coborrower and all the trustees, beneficiaries, partners, members, or shareholders of the payer of record are individuals.

Mortgage Defined

A mortgage is any obligation secured by real property. Use the table below to determine which obligations are mortgages.

Real property is land and generally anything built on it, growing on it, or attached to the land. Among other things, real property includes a manufactured home with a minimum living space of 400 square feet and a minimum width of more than 102 inches and which is of a kind customarily used at a fixed location. See section 25(e)(10).

If property that secures the loan is not real property, you are not required to file Form 1098. However, the borrower may be entitled to a deduction for qualified residence interest, such as may be the case for a boat, which has sleeping space and cooking and toilet facilities, that the borrower uses as a home.

The attached PDF file contains the IRS instructions for filing 2011 Form 1098-C.
Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Contemporaneous Written Acknowledgment

If a donor contributes a qualified vehicle to you with a claimed value of more than $500, you must furnish a contemporaneous wirtten acknowledgment of the contribution to the donor under section 170(f)(12) containing the same information shown on Form 1098-C.  Otherwise, the donor cannot claim a deduction of more than $500 for that vehicle.  Copy B of Form 1098-C may be used for this purpose.  An acknowledgment is considered contemporaneous if it is furnished to the donor no later than 30 days after the

 *  Date of the sale, if you are required to check box 4a, or 

 *  Date of the contribution, if you are required to check box 5a or 5b.

Provide the donor with Copies B and C of Form 1098-C or your acknowledgment in calendar year 2011."

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The attached PDF file contains the IRS instructions for filing 2011 Form 1099-B.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Brokers

A broker is any person who, in the ordinary course of a trade or business, stands ready to effect sales to be made by others.  A broker may include a U.S. or foreign person or a governmental unit and any subsidiary agency.

You are considered a broker if:

  *  You are an obligor that regularly issues and retires its own debt obligations or
  *  You are a corporation that regularly redeems its own stock.

However, for a sale, redemption, or retirement at an office outside the United States, only a U.S. payer or U.S. middleman is a broker.

You are not considered a broker if:

  *  You are a corporation that purchases odd-lot shares from its stockholders on an irregular basis (unless facts indicate otherwise),
  *  You manage a farm for someone else, or
  *  You are an international organization that redeems or retires its own debt."

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The attached PDF file contains the IRS instructions for filing 2011 Form 1099-DIV.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Dividends

If you make a payment that may be a dividend but you are unable to determine whether any part of the payment is a dividend by the time you must file Form 1099-DIV, the entire payment must be reported as a dividend.  See the regulations under section 6042 for a definition of dividends."

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E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 3921, Form 3922, and Form W-2G.  

The attached PDF file contains the IRS instructions for filing 2011 Form 1099-G.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Statements to Recipients

If you are required to file Form 1099-G, you must provide the same information to the recipient. Furnish a copy of Form 1099-G or an acceptable substitute statement to each recipient, except as explained later under Box 2. State or Local Income Tax Refunds, Credits, or Offsets. Also, see part M in the 2012 General Instructions for Certain Information Returns.

Account Number

The account number is required if you have multiple accounts for a recipient for whom you are filing more than one Form 1099-G. Additionally, the IRS encourages you to designate an account number for all Forms 1099-G that you file. See part L in the 2012 General Instructions for Certain Information Returns."

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E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 3921, Form 3922, and Form W-2G. 

The attached PDF file contains the IRS instructions for filing 2011 Form 1099-H.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Who Must File

Section 6050T requires that if you are a provider of qualified health insurance coverage (section 35(e)) you must file Forms 1099-H with the IRS reporting the advance payments that you receive from the Department of the Treasury on behalf of eligible individuals.  You must also furnish a statement to the eligible recipient."

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E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 3921, Form 3922, and Form W-2G.  

The attached PDF file contains the IRS instructions for filing 2011 Form 1098.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Specific Instructions

A payment settlement entity (PSE) must file Form 1099-K, Merchant Card and Third Party Network Payments, for payments made in settlement of reportable payment transactions for each calendar year. A PSE makes a payment in settlement of a reportable payment transaction, that is, any payment card or third party network transaction, if the PSE submits the instruction to transfer funds to the account of the participating payee to settle the reportable payment transaction.

A PSE is a domestic or foreign entity that is a merchant acquiring entity, that is, a bank or other organization that has the contractual obligation to make payment to participating payees in settlement of payment card transactions; or a third party settlement organization, that is, the central organization that has the contractual obligation to make payments to participating payees of third party network transactions.

A participating payee is any person, including any governmental unit (and any agency or instrumentality of a governmental unit) who accepts a payment card, or any account number or other indicia associated with a payment card, as payment or accepts payment from a third party settlement organization in settlement of a third party network transaction.

A payment card is any card, including any stored-value card (having prepaid value, including gift cards), issued according to an agreement or arrangement that provides for all of the following.

The attached PDF file contains the IRS instructions for filing 2011 Form 1099-LTC.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Who Must File

File Form 1099-LTC if you paid any long-term care benefits, including accelerated death benefits. Payers include insurance
companies, governmental units, and viatical settlement providers.

Viatical Settlement Providers

A viatical settlement provider is any person who:

The attached PDF file contains the IRS instructions for filing 2011 Form 1099-MISC.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Trade or business reporting only.  Report on Form 1099-MISC only when payments are made in the course of your trade or business. Personal payments are not reportable. You are engaged in a trade or business if you operate for gain or profit. However, nonprofit organizations are considered to be engaged in a trade or business and are subject to these reporting requirements. Other organizations subject to these reporting requirements include trusts of qualified pension or profit-sharing plans of employers, certain organizations exempt from tax under section 501(c) or (d), farmers' cooperatives that are exempt from tax under section 521, and widely held fixed investment trusts. Payments by federal, state, or local government agencies are also reportable.

Persons receiving rental income from real estate generally are considered to be in the trade or business of renting property. See page 3.

Exceptions. Some payments are not required to be reported on Form 1099-MISC, although they may be taxable to the recipient. Payments for which a Form 1099-MISC is not required include:

* Generally, payments to a corporation; but see Reportable payments to corporations on page 2;

* Payments for merchandise, telegrams, telephone, freight, storage, and similar items;

* Payments of rent to real estate agents, but see Regulations section 1.6041-1(e)(5), Example 5;

* Wages paid to employees (report on Form W-2, Wage and Tax Statement);

The attached PDF file contains the IRS instructions for filing 2011 Form 1099-PATR.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Exceptions.  Generally, you are not required to file Form 1099-PATR for payments made to a corporation, a tax-exempt organization including tax-exempt trusts (HSAs, Archer MSAs and Coverdell ESAs), the United States, a state, a possession, or the District of Columbia."

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E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 5498, Form 3921, Form 3922 and, Form W-2G.

The attached PDF file contains the IRS instructions for filing 2011 Form 1099-Q.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Statements to Recipients

If you are required to file Form 1099-Q, you also must provide a statement to the recipient.  Furnish a copy of Form 1099-Q or an acceptable substitute statement to each recipient.  See part M in the 2011 General Instructions for Certain Information Returns."

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E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 5498, Form 3921, Form 3922, and  Form W-2G.

The attached PDF file contains the IRS instructions for filing 2011 Form 1099-S.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.
"Reportable Real Estate

Generally, you are required to report a transaction that consists in whole or in part of the sale or exchange for money, indebtedness, property, or services of any present or future ownership interest in any of the following:

1. Improved or unimproved land, including air space;
2. Inherently permanent structures, including any residential, commercial, or industrial building;
3. A condominium unit and its appurtenant fixtures and common elements, including land;
4. Stock in a cooperative housing corporation (as defined in section 216); and
5. Any non-contingent interest in standing timber.

Sale or exchange. A sale or exchange includes any transaction properly treated as a sale or exchange for federal income tax purposes, even if the transaction is not currently taxable. For example, a sale of a main home may be a reportable sale even though the transferor may be entitled to exclude the gain under section 121. But see Exceptions on this page. Also, a transfer to a corporation that qualifies for nonrecognition of gain under section 351 is a reportable exchange. In addition, a transfer under a land contract is reportable in the year in which the parties enter into the contract.

The attached PDF file contains the IRS instructions for filing 2011 Form 3922 and Form 3921.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Specific Instructions for Form 3921

Who Must File

Every corporation which in any calendar year transfers to any employee a share of stock pursuant to that employee's exercise of an incentive stock option described in section 422(b) must, for that calendar year, file Form 3921 for each transfer made during that year.

For this purpose, the term "corporation" is defined in section 7701(a) and includes, but is not limited to:

• The corporation issuing the stock,
• A related corporation of the corporation,
• Any agent of the corporation,
• Any party distributing shares of stock or other payments in connection with the plan (for example, a brokerage firm), and
• Any party in control of the payment of remuneration for employment to the employee.

Specific Instructions for Form 3922

Who Must File

Every corporation, which in any calendar year records, or has by its agent recorded, a transfer of the legal title of a share of stock acquired by the employee pursuant to the employee's exercise of an option granted under an employee stock purchase plan and described in section 423(c) (where the exercise price is less than 100% of the value of the stock on the date of grant, or is not fixed or determinable on the date of grant), must, for that calendar year, file Form 3922 for each transfer made during that year.

The attached PDF file contains the IRS instructions for filing 2011 Form 5498-ESA.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Contributions. You must report contributions, including rollover contributions, to any Coverdell ESA on Form 5498-ESA.  See the instructions under box 1 and box 2.  If no reportable contributions were made for 2011, no return is required.

For contributions made between January 1, 2012 and April 17, 2012, trustees and issuers should obtain the participant's designation of the year for which the contributions are made."

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E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 1099, Form 3921, Form 3922, and Form W-2G. 

The attached PDF file contains the IRS instructions for filing 2011 Form W-2G.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.
"Specific Instructions for Form W-2G

File Form W-2G, Certain Gambling Winnings, to report gambling winnings and any federal income tax withheld on those winnings.  The requirements for reporting and withholding depend on the type of gambling, the amount of the gambling winnings, and generally the ratio of the winnings to the wager.  File W-2G with the IRS.  You must provide a statement to the winner (Copies B and C of Form W-2G).

The types of gambling are discussed in these instructions under the following four headings.

1. Horse Racing, Dog Racing, Jai Alai, and Other Wagering Transactions Not Discussed Later.
2. Sweepstakes, Wagering Pools, and Lotteries.
3. Bingo, Keno, and Slot Machines.
4. Poker Tournaments."

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E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 1099, Form 5498, Form 3921, and Form 3922.

The attached PDF file contains the IRS instructions for filing 2011 Form 1098-E and Form 1098-T.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"1098-E

Who must file.  File Form 1098-E if you are a financial institution, governmental unit (or any of its subsidiary agencies), educational institution, or any other person who receives student loan interest of $600 or more from an individual during the year in the course of your trade or business.

1098-T

Exceptions.  You do not have to file Form 1098-T or furnish a statement for:

 *  Courses for which no academic credit is offered, even if the student is otherwise enrolled in a degree program;

 *  Nonresident alien students, unles requested by the student;

 *  Students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships or grants; and 

 *  Students for whom you do not maintain a separate financial account and whose qualified tuition and related expenses are covered by a formal billing arrangement between an institution and the student's employer or a government entity, such as the Department of Veterans Affairs or the Department of Defense."

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The attached PDF file contains the IRS instructions for filing 2011 Form 1099-A and Form 1099-C.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"1099-A

Property

Property means any real property (such as a personal residence), any intangible property, and tangible personal property except:

  *  No reporting is required for tangible personal property (such as a car) held only for personal use.  However, you must file Form 1099-A if the property is totally or partly held for use in a trade or business or for investment.

  *  No reporting is required if the property securing the loan is located outside the United States and the borrower has furnished the lender a statement, under penalties of perfuy, that the borrower is an exempt foreign person (unless the lender knows that the statement is falso).

1099-C

The debtor may be an individual, corporation, partnership, trust, estate, association, or company.

Do not combine multiple cancellations of a debt to determine whether you meet the $600 reporting requirement unless the separate cancellations are under a plan to evade the Form 1099-C requirements."

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The attached PDF file contains the IRS instructions for filing 2011 Forms 1099-R and 5498.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"Form 1099-R
There is no special reporting for qualified charitable distributions under section 408(d)(8), qualified health saving account (HSA) funding distributions described in section 408(d)(9), or for the payment of qualified health and long-term care insurance premiums for retired public safety officers described in section 402(l).

The attached PDF file contains the IRS instructions for filing 2011 Forms 1099-SA and 5498-SA.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.
"Specific Instructions for Form 1099-SA

Transfers. Do not report a trustee-to-trustee transfer from one Archer MsA or MA MSA to another Archer MSA or MA MSA, one Arch MSA to an HSA, or from one HSA to another HSA.  For reporting purposes, contributions and rollovers do not include transfers.

Speicific Instructions for Form 5498-SA

Rollovers.  You must report the receipt of a rollover from one Archer MSA to another Archer MSA, and receipt of a rollover from an Archer MSA or an HSA to an HSA in box 4."

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E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 3921, Form 3922, and Form W-2G.  

The attached PDF file contains the IRS instructions for filing 2012 Form 1099-B.

Excerpt: Section references are to the Internal Revenue Code unless otherwise noted.

"New Boxes. New boxes have been added to Form 1099-B for reporting the stock or other symbol (box 1d), quantity sold (box 1e), whether basis is being reported to the IRS (box 6b), and state income tax withheld (boxes 13-15).  Other boxes on the form have been moved or renumbered."

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E-File Magic also offers software for: Form 1097-BTC, Form 1098, Form 3921, Form 3922, and Form W-2G.