00% Series A Cumulative Redeemable Preferred Stock, the Form 1099-DIV
summarizes the allocation of the 2017 cash dividends.
The information will be reported to shareholders on Form 1099-DIV
Aside from the Form 1099-DIV
problem, Robert Zarzar, chair of the AICPA's Tax Executive Committee, said the tax filing season "is progressing largely without any significant problems.
For calendar-year 2003, an individual who receives a Form 1099-DIV
that improperly characterizes payments in lieu of dividends as dividend income may treat the payments as dividend income to the extent they are reported as dividend income on Form 1099-DIV
, unless the individual knows (or has reason to know) that the payments are in fact payments in lieu of dividends, instead of actual dividends.
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.
In January 2015, a Form 1099-DIV
will be sent to shareholders, which will state the amount and composition of distributions and provide information with respect to their appropriate tax treatment for the 2014 calendar year.
In Announcement 97-109, the IRS stated that for 1997 information returns, payors should continue to report total capital gain distributions on Form 1099-DIV
, Dividends and Distributions.
065 per share on 27 December 2013, from taxable earnings reported to shareholders on Form 1099-DIV
after the end of the calendar year.