00% Series A Cumulative Redeemable Preferred Stock, the Form 1099-DIV
summarizes the allocation of the 2017 cash dividends.
The IRS will forward the information provided on the following forms to FTB:1099-B, 1099-DIV
, 1099-G, 1099-INT, 1099-K, 1099-MISC, 1099-OID, 1099-PATR, 1099-R, 5498.
The information will be reported to shareholders on Form 1099-DIV
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.
Payments of interest and dividends (reported on IRS Forms 1099-INT, 1099-DIV
, 1099-OID and 1099-PATR).
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.
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.