IRS Releases Electronic And Magnetic Media Filing Requirements.

Rev. Proc. 2002-34

The Service has issued (Rev. Proc. 2002-34) the requirements for filing Forms 1098, 1099, 5498, and W-2G electronically or on magnetic media. Rev. Proc. 2002-34 must be used for the preparation of tax year 2002 information returns, and information returns for tax years prior to 2002 filed beginning January 1, 2003. Rev. Proc. 2002-34 supersedes Rev. Proc. 2001-32, 2001-21 IRB 1197. (For a summary of Rev. Proc. 2001-32, see Tax Notes, May 28, 2001, p. 1531; for the full text, see Doc 2001-14326 (87 original pages), or 2001 TNT 98- 11.)

[Editor's note: This document contains forms and charts not suitable for electronic presentation. The full text of this document may be obtained through Tax Analysts Customer Service as Doc 2002- 14965 (79 original pages).]