tax purposes and shareholders will receive a Form 1099-DIV
. In connection with Apollo's conversion to a corporation, Leon Black, founder, chairman and CEO Josh Harris, co-founder and senior managing director, Marc Rowan, co-founder and senior managing director, and several other Apollo senior executives announced their intention to set aside a portion of their equity stakes towards charitable giving.
The Fund will send individual stockholders a Form 1099-DIV
for the calendar year that will tell them how to report these distributions for federal income tax purposes.
The final determination of the source and tax status of all 2018 distributions will be made after the end of 2018 and will be provided on Form 1099-DIV
The specific tax characteristics of the distributions will be reported to stockholders on Form 1099-DIV
after the end of the calendar year and in the company's periodic reports filed with the Securities and Exchange Commission.
Foreign stock funds will report taxes paid via withholding on Form 1099-DIV
. Then, investors may be able to claim a foreign tax credit up to $300 a year ($600 for couples filing jointly) directly on their Form 1040.
Currently, Forms 1099 (e.g., Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, and Form 1099-DIV
, Dividends and Distributions) generally are due to the IRS and Social Security Administration (SSA) on Feb.
All shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2015 distributions in early 2016 via Form 1099-DIV
Ez1099 Software with Form 1099-DIV
printing and e-filing capability is developed and distributed by Halfpricesoft.com, based in Louisville, Ky.
Certain payments of interest, dividends, and royalties are required to be reported to taxpayers--with a copy of the report furnished to the IRS--on Form 1099-INT, Form 1099-DIV
, and Form 1099-MISC, respectively.
Second, the letter asked for guidance that tax information provided to current shareholders, other than the information provided on Form 1099-DIV
, is also not subject to the Circular 230 rules.
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." However, Zarzar emphasized that the AICPA believes "enactment of tax simplification measures is integral to the success of future filing seasons" and he complimented Rep.