This news release describes proposed regulations clarifying tax-exempt organization reporting.

Additionally, Notice 2019-47 (PDF) provides penalty relief related to taxpayer reliance on Revenue Procedure 2018-38 set aside by the United States District Court for the District of Montana on July 30.

CP2100 Notices

The IRS will issue a CP2100 or CP2100A Notice if the payee’s name and Taxpayer Identification Number (TIN) on an information return doesn’t match IRS records. Such mismatches trigger backup withholding responsibilities. Publication 1281, Backup Withholding on Missing and Incorrect Name/TIN(s) (PDF), contains all the information payers need to comply.

Review these IRS videos:

Revenue Procedure 2019-39

This revenue procedure (PDF) extends the time periods for 403(b) plan sponsors to correct form defects that could disqualify their plan.