4.3.2 Required Legends for Forms • Forms 1099-A, 1099-C, and 1099-CAP:

1099 and W-2G Copy B-“This is important tax information and is being furnished to the Internal Rev enue Service. If you are required to file a return, a negligence penalty or other sanction may be imposed on you if taxable income results from this transaction and the IRS determines that it has not been reported.”