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January 9, 1989
TO: TAX MEMBERS NO. 4-89
OPERATIONS MEMBERS NO. 6-89
UNIT INVESTMENT TRUST MEMBERS NO. 4-89
CLOSED-END FUND MEMBERS NO. 5-89
TRANSFER AGENT SHAREHOLDER ADVISORY COMMITTEE NO. 4-89
ACCOUNTING/TREASURERS COMMITTEE NO. 5-89
RE: IRS REVENUE PROCEDURE FOR PRODUCING CERTAIN SUBSTITUTE
FEDERAL TAX FORMS
__________________________________________________________
The attached IRS Revenue Procedure sets forth the
requirements for preparing substitutes for many federal tax
forms. Guidance on the requirements for those forms not covered
by this Revenue Procedure, which are listed on page 17, has been
given in prior Revenue Procedures. (See Institute Memoranda to
Tax Members No. 1-89, Operations Members No. 2-89, Unit
Investment Trust Members No. 1-89, Closed-End Fund Members No. 2-
89, Transfer Agent Shareholder Advisory Committee No. 1-89 and
Accounting/Treasurers Committee No. 2-89, dated January 6, 1989;
Pension Members No. 1-89; Tax Members No. 3-89, Operations
Members No. 4-89, Unit Investment Trust Members No. 3-89, Closed-
End Fund Members No. 4-89, Transfer Agent Shareholder Advisory
Committee No. 3-89 and Accounting/Treasurers Committee No. 4-89,
dated January 6, 1989; Tax Members No. 38-88, Unit Investment
Trust Members No. 45-88, Closed-End Fund Members No. 36-88,
Operations Members No. 22-88 and Transfer Agent Shareholder
Advisory Committee No. 17-88, dated July 13, 1988; Tax Members
No. 33-88, Operations Members No. 19-88, Unit Investment Trust
Members No. 40-88, Transfer Agent Shareholder Advisory Committee
No. 13-88 and Accounting/Treasurer Advisory Committee No. 23-88,
dated June 20, 1988). (See also Institute Memorandum to Tax
Members No. 48-88, Unit Investment Trust Members No. 53-88,
Closed-End Fund Members No. 45-88, Operations Members No. 28-88
and Transfer Agent Shareholder Advisory Committee No. 22-88,
dated August 19, 1988, for certain specific rules for Forms 941
and 941E.)
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One feature of this Revenue Procedure is the Name Control
Job Aid For Individual Taxpayers, on page 31, which provides the
Internal Revenue Service's method for determining the first four
alpha characters of a person's last name.
We will keep you informed of developments.
Keith D. Lawson
Assistant General Counsel
Attachment