Rev. Proc. 72-35

Section 1. Purpose

.01 This Revenue Procedure supplements Revenue Procedure 71-20 C.B. 1971-2, 528. Magnetic Tape reporting requirements for taxable year 1972 are stated in Section 3 for Form 1099-DIV, Form 1099-INT and Form 1099-MISC.

Addresses for the 10 Internal Revenue Service Centers are listed in Section 2 of this Revenue Procedure which replaces Section 8 of Revenue Procedure 71-20.

.02 A Form 1099 magnetic tape filer is not affected by this procedure, if, for the tax year 1971, the Payer/Transmitter filed a tape containing acceptable Form 1099 information, and, for the year 1972, Form 1099 information is restricted to the following amount types:

 Document       Amount

.03 Any reference to Form 1099 in Revenue Procedure 71-20 should be changed to read Form 1099-DIV, Form 1099-INT and Form 1099-MISC.

Sec. 2. Additional Information

Requests for additional copies of this Revenue Procedure, as well as Revenue Procedure 71-20 and Specifications, or requests for additional information on tape reporting should be addressed to the Chief, Program Analysis Staff at one of the following addresses:

     (a) Internal Revenue Service

.01 The purpose of this section is to define the reporting requirements for Forms 1099-DIV, 1099-INT and 1099-MISC.

 (a)  Payments to be reported on Forms 1099-DIV