This Informational Publication has been superseded by IP 93(5.5)
Informational Returns on Magnetic Media
Dear Connecticut Employer:
To make it easier for employers to meet this requirement, the Department of Revenue Services has adopted standards similar to those published by the Internal Revenue Service (Publication 1220, Specifications for Filing Forms 1098, 1099, 5498, and W-2G Electronically or on Magnetic Media).
You will find detailed instructions and code layouts in this booklet, along with a transmittal form for your magnetic media.
These are important records, and the timeliness and accuracy of the data are essential to the fair collection of the income tax. Reporting this information in magnetic form eliminates the cost and ecological considerations that surround storage of paper records. It also minimizes errors that can occur in the transcription of records on paper.
With your help, we can achieve our goal of fairness and compliance.
Thank you in advance for your cooperation.
Very truly yours,
Allan A. Crystal