Instructions for IRS Form 1099-DIV Dividends and Distributions

IRS Form 1099-DIV Dividends and Distributions

This document contains official instructions for IRS Form 1099-DIV , Dividends and Distributions - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 1099-DIV is available for download through this link.

FAQ

Q: What is IRS Form 1099-DIV?A: IRS Form 1099-DIV is used to report dividends and distributions received by taxpayers.

Q: Who needs to file IRS Form 1099-DIV?A: Financial institutions and other entities that pay dividends and distributions to taxpayers need to file Form 1099-DIV.

Q: When is the deadline to file Form 1099-DIV?A: The deadline to file Form 1099-DIV is January 31st.

Q: What information is required on Form 1099-DIV?A: Form 1099-DIV requires information such as the taxpayer's name, taxpayer identification number, and the amount of dividends and distributions received.

Q: Do I need to send a copy of Form 1099-DIV to the IRS?A: No, as a taxpayer, you do not need to send a copy of Form 1099-DIV to the IRS. However, you should keep a copy for your records.

Q: What should I do if I did not receive a Form 1099-DIV?A: If you did not receive a Form 1099-DIV, you should contact the payer to request a copy.

Q: Can I file Form 1099-DIV electronically?A: Yes, you can file Form 1099-DIV electronically through the IRS's FIRE (Filing Information Returns Electronically) system.

Q: Are there any penalties for not filing Form 1099-DIV?A: Yes, there can be penalties for not filing Form 1099-DIV or for filing incorrect or incomplete information.