Important News - IRS Revenue Procedure 2012-30 has been published (and has already been updated via Rev. Proc. 2012-33). Needless to say many of you are filing electronically; so the fact that a new set of guidelines have been released superceding last year's in regards to filing most major information returns is pretty big news.

There are a number of technical changes and we recommend you review the document in full as you prepare for the upcoming filing season. Otherwise, you can look to our upcoming 2012 Year End Guide (to be released in September) for a detailed analysis of electronic filing do's and don'ts, these changes, what they mean for you, and further tips on validating your payee records for filing season.