In addition to these specific instructions, you should also use the 2004 General Instructions for Forms 1099, 1098, 5498, and W-2G.
Those general instructions include information about:
- Backup withholding
- Magnetic media and electronic reporting requirements
- Penalties
- Who must file (nominee/middleman)
- When and where to file
- Taxpayer identification numbers
- Statements to recipients
- Corrected and void returns
- Other general topics
You can get the general instructions from the IRS website at www.irs.gov or by calling 1-800-TAX-FORM (1-800-829-3676).
Rule of 78s method of accounting.
The discussion on the Rule of 78s has been removed from these instructions. If loans that were issued before 1999
were extended, you may continue
to use this method of calculating interest received. For more information on the Rule of 78s, see Regulations section 1.6050H-2(c)
and section 5.04 of
the Appendix in Revenue Procedure 2002-9, 2002-1 C.B. 327 (and its successor).