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Get Announcement 97- 106 - Changes To Reporting Requirements For ...

S, etc., can collect necessary information during the year to report to the IRS, recipients, sellers, etc. Because the Taxpayer Relief Act of 1997 (Public Law 105 34) was enacted August 5, 1997, changes in the 1997 reporting requirements of the following Forms 1099 are required: Form 1099 S, Proceeds From Real Estate Transactions Form 1099 LTC, Long-Term Care and Accelerated Death Benefits (also, the 1998 instructions for Form 1099 LTC will include changes suggested by industry).

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