Section 16 Errors

This section provides instructions for correcting Section 16 error conditions.

Foreign addresses see IRM 3.0.101.14.11.1.1.

Section 16 contains the payer entity data and is required for every record.

Listed below are the fields contained in Section 16 that applies to Schedules K-1 processing:

Field

Field Length

Title

16NM1

40

Payer Name Line 1

16NM2

40

Payer Name Line 2

16ADD

35

Payer Street Address

16CTY

22

Payer City

16ST

02

Payer State Code

16ZIP

09

Payer ZIP Code

16TIN

09

Payer TIN

16DLN

14

Payer DLN

16FCC

02

Foreign Country Code