The Company had previously reported on Form 1099-DIV
that all of its 2014 distributions to shareholders were qualified dividends eligible for reduced capital gains rates.
Copies of Forms 1099-DIV
, Dividends and Distributions, sent to the shareholders, should also be attached to the form if there are 12 or fewer shareholders.
Consequently, large numbers of erroneous Forms 1099-DIV
, used to report dividend income, were being mailed to taxpayers.
CPAs should read the detailed instructions in this announcement for changes in the following forms: 1997 Form 1099-DIV
, Dividends and Distributions; 1997 Form 1099-B, Broker and Barter Exchange Transactions; 1996 Form 2439, Notice to Shareholder of Undistributed Long-Term Capital Gains, for 1996-97 fiscal years ending after May 6, 1997; and 1996 schedules K and K-1 for partnerships, S corporations and estates with 1996-97 fiscal years ending after May 6, 1997.
A Form 1099-DIV
will be mailed to shareholders with this same information by January 31, 2008.
Stockholders should review their Forms 1099-DIV
as well as other 2014 tax statements that they received from their brokerage firms or other institutions to ensure that the statements agree with the information provided above.
2003-28 to allow brokers to provide composite substitute payee statements for Forms 1099-DIV
, Dividends and Distributions, and 1099-MISC, reporting payments in lieu of dividends.
00% Series A Cumulative Redeemable Preferred Stock, the Form 1099-DIV
summarizes the allocation of the cash dividends paid in 2014.
The pilot TIN Matching Program will include Forms 1099-INT, 1099-DIV
, 1099-OID, 1099-PATR, 1099-B and 1099-MISC and will be limited to 1,000 participants.
The amounts indicated on Form 1099-DIV
should be reported on each stockholder's 2007 federal income tax return.
common shares, the Form 1099-DIV
summarizes the allocation of 2014 dividends.
The balance of the amounts reported as capital gain distributions on Forms 1099-DIV
represents capital gains taxable at the 20% rate.