Pre-File Now
E-File 1099 DIV Online
A reliable solution for banks and other financial institutions to file Form 1099-DIV with the IRS and distribute recipient copies.
Why Choose TaxBandits to E-file
1099-DIV?
- Easy and Secure filing process
- Support for both Federal and State filling
- Versatile options for recipient copy distribution
- Built-in validations to ensure accuracy
Check out What’s New!
Form 1099-DIV: Key Insights!
- Form 1099-DIV is an IRS form used to report any dividends or distributions paid to recipients by banks and other financial institutions.
- A bank and other financial institution must file this form for anyone whom they,
| Filing Methods | Deadline |
|---|---|
| E-filing Deadline | March 31, 2025 |
| Recipient Copy Distribution Deadline | January 31, 2025 |
What Information is Required to File Form 1099-DIV Electronically?
- 1. Payer Info: Name, address, TIN
- 2. Recipient Info: Name, TIN, Address and Account Number
-
3. Dividend and Distribution Details:
- i. Total Ordinary Dividends
- ii. Qualified Dividends
- iii. Total Capital Gain Distributions
- iv. Unrecaptured Section 1250 Gain
- v. Nondividend Distributions
- vi. Section 199A Dividends
- vii. Investment Expenses
- viii. Foreign Tax Paid
- ix. Exempt Interest Dividends
- x. Cash liquidation distributions
- xi. Specified private activity bond interest dividends
- 4. Federal Income Tax Withheld (if any)
-
5. State Filing Information: State Abbreviation, payer’s state identification number,
and state income tax withheld.
Ready to file your 1099-DIV? Create your free TaxBandits account
and get started today!
Let TaxBandits Make Your 1099-DIV Filing Easier Than Ever
TaxBandits offers a comprehensive suite of services to cover your 1099-DIV filing needs and ensure compliance with both federal and state!
Federal and State Filing
- Easily prepare and e-file 1099-DIV forms to meet IRS compliance, seamlessly managing both federal and state-specific filing requirements.
W-9 Manager
- Securely collect W-9s from your recipients and use the data to file 1099-DIV forms with a single click of button.
TIN Matching
- To ensure the accuracy of your 1099-DIV returns, it is important to verify recipient TINs against the IRS database prior to form filing.
Postal Mailing
- Let TaxBandits print and mail the 1099-DIV copies to your investors, traders, or other corresponding recipients.
Online Access
- Share the form copies with your recipients through a secure online portal.
Corrections
- Make sure to correct any mistakes in your previously filed 1099-DIV forms on TaxBandits quickly and with precision.
How to E-file Form 1099-DIV Online for 2024 with TaxBandits?
Start by selecting Form 1099-DIV from your dashboard. With TaxBandits, you can file this form for both the current and previous tax years.
Select ‘Manual entry’ and enter the required information on Form 1099-DIV. You can save your progress by clicking “Save as draft” and continue from where you left off.
You can choose state filing and select how you'd like to distribute recipient copies—by mail, online access, or with the BanditComplete option, which offers both.
Review the information entered on Form 1099-DIV and make any necessary changes.
.webp)
After reviewing, transmit the completed Form 1099-DIV to the IRS and state.
Are you ready to E-file your 1099-DIV Form? File in minutes with TaxBandits!
How to E-file 1099-DIV?
Features That Streamline Your 1099-DIV E-Filing Experience
User-Friendly Interface
Our intuitive software offers seamless navigation and a stress-free filing process with step-by-step guidance.
Address Book
Just add payers and recipients once, store them securely, and access the data for all your future filings.
Bulk Upload Option
Upload data using our standard CSV template and eliminate the need for manual entry.
Save As Drafts
Save your 1099-DIV filing progress as a draft and continue later from where you left off.
Internal Audit Check
Error checks are built-in to audit your 1099-DIV forms for any common errors before transmission.
IRIS Business Validation
Our software adheres to the IRIS standards and validates your 1099-DIV based on the new business rules.
Download Form Copies
TaxBandits allows you to download and print copies of the transmitted forms on your own.
Dedicated Support
We’ve got a team of experts who always have your back when you have any queries during the filing.
Privileged PRO Features for Tax Pros
Supercharge your tax filing process and skyrocket your productivity with specialized features crafted for tax professionals
BanditCollab (Team Management)
To make your filing efficient, you can add as many team members as needed. Then, based on their filing responsibilities, you can assign each team member a specific role, such as preparer, approver, or transmitter.
BanditConnect (Client Management)
Make the most of BanditConnect for secure file sharing and client communication. Adapt the portal to feature your own branding.
Custom Reports
Gain valuable insights with detailed reports that give views of team member activities and client filings. Elevate your decision-making with in-depth analytics.
Powerful API Integration for Automating Your 1099-DIV E-filing
Our powerful API enables you to fully automate the 1099-DIV filing and distribution process directly from your current systems. By integrating our 1099 API into your software or platform, you can streamline the filing, reduce manual input, and enhance accuracy with ease.
Learn moreSee What Our Customers Say About TaxBandits
Easy to navigate and was really looking for a DIV Form that would be e-filed
Very easy instructions to follow and file any number of Forms
Super efficient. Love the 1099 electronic filing with the IRS.
User friendly, Accurate, Quick and Easy to navigate!
Easy to use. Good user interface. I didn’t know you file 1099 DIV because wish I had known that months ago.
A clearer information on what happens after you submit forms, and overall fantastic!
Frequently Asked Questions to File 1099 DIV Online
What is the IRS Form 1099-DIV?
Form 1099-DIV: Dividends and Distributions is an IRS form sent by banks and other financial institutions to investors who receive dividends and distributions from any type of investment during a calendar year. Investors can receive multiple 1099-DIVs. Each 1099-DIV form should be reported on an investor’s tax filing.
Who must file Form 1099-DIV?
If you are a payer, you are required to File Form 1099-DIV for each recipient under the following conditions:
- If you paid dividends including capital gain dividends, exempt-interest dividend and other distributions on stock of $10 or more
- If you withheld and paid any foreign tax on dividends and other distributions on stock
- If you withheld any federal income tax on dividends under the backup withholding rules
- If you paid $600 or more as part of a liquidation
Who is required to file Form 1096?
Form 1096 is used to summarize 1099-DIV Forms being filed with the IRS. The Transmittal Form 1096 is required only when you file 1099-DIV Forms by paper.
Form 1096 is not required when you file Form 1099-DIV electronically.
Is It Required To File Form 1099-DIV With The State?
Some states require the filing of 1099-DIV Form to report the State tax withheld from the 1099-DIV payment, including any additional information required by a respective state.
Check the State Filing Requirements and get started with TaxBandits for filing your Form 1099 with the
Federal and the State.
When is the Deadline to file Form 1099-DIV?
- Electronic Filing Deadline: For the 2024 tax year, the deadline to electronically file Form 1099-DIV is March 31, 2025.
- Recipient Copy Distribution Deadline: The deadline to distribute recipient copies of Form 1099-DIV is January 31, 2025.
- Paper Filing Deadline: If filing Form 1099-DIV on paper, the due date is February 28, 2025.
Visit https://www.taxbandits.com/1099-forms/form-1099-div-due-date/ to know more about 1099-DIV Due dates
What are the requirements for filing Form 1099-DIV?
For each 1099-DIV Form you submit with the IRS, you will need to include the following information:
- Payer Information such as Name, Address, EIN/SSN
- Recipient Information such as Name, Address, EIN/SSN
- Dividends and Distributions paid to the recipient
- Federal income tax withheld
- State and local information such as State number, taxes withheld
If you have the information available for filing 1099-DIV, get started with TaxBandits and file Form 1099-DIV securely & accurately with the IRS.
Get Started Now
How to fill out a 1099-DIV Form?
Form 1099-DIV is comprised of 15 boxes. The form also
contains boxes
Boxes For Reporting Payer Information
1. Enter your information such as Name, Address, City or Town, State, Postal Code and Phone Number
2. Enter your TIN (EIN/SSN)
Boxes For Reporting Recipient Information
1. Enter your recipient TIN (EIN/SSN)
2. Enter your recipient Name, Address, City or Town, State, Postal Code and Phone Number
Checkbox for FATCA filing requirement
Check this box, if you meet the following requirements:
- If you are a payer in the United States filing Form 1099 (including reporting distributions in boxes 1 through 3 and 9 through 12 of 1099-DIV) to satisfy the reporting requirement with respect to a U.S. account for chapter 4 purpose under section 1.1471-4(d)(2)(iii)(A).
- If you are a FFI (Foreign Financial Institution) reporting payments to a U.S. account pursuant to an election described in Regulations section 1.1471-4(d)(5)(i)(A).
Box for Account Number
Enter the account number if you have multiple accounts for a recipient for whom you are filing more than a single Form 1099-DIV.
Then start entering the dividends & distribution payments that you made to the recipient and indicate if withholding any taxes from the recipient.
-
Box 1a: Total Ordinary Dividends
Enter the total amount of dividends such as money market funds, net short-term capital gains from mutual funds and other distributions on stock you paid to the recipient.
-
Box 1b: Qualified Dividends
Enter the portion of total dividends in box 1a that qualify for the reduced capital gains rates.
-
Box 2a: Total Capital Gain Distributions
Enter the total long-term capital gain distributions paid to your recipient.
-
Box 2b: Unrecaptured Section 1250 Gain
Enter the portion of box 2a that is the Unrecaptured Gain from any depreciable real property under
Section 1250. -
Box 2c: Section 1202 Gain
Enter the portion of box 2a that is gained from any small business stock under Section 1202.
-
Box 2d: Collectibles (28%) Gain
Enter the portion of box 2a that is a 28% rate gain from sales or exchanges of collectibles.
-
Box 3: Nondividend Distributions
Enter nondividend distributions which you paid to the recipient. A nondividend distribution is considered a distribution that is not paid out of the earnings and profits of a corporation or a mutual fund. Generally, the distribution is a return of capital or the investment that was made by the holder of the corporation or
mutual fund. -
Box 4: Federal Income Tax Withheld
Enter an amount if you withhold any taxes from the recipient for not providing the correct TIN. Generally, use Form W-9 to request the TIN of the recipient. For foreign recipients, use the applicable Form W-8.
-
Box 5: Section 199A Dividends
Enter the dividends paid to a recipient that is eligible for the 20% qualified business income deduction under Section 199A.
-
Box 6: Investment Expenses
Enter your recipient's share of any investment expenses. These expenses are generally from a non-publicly offered mutual fund.
-
Box 7: Foreign Tax Paid
Enter the foreign tax you paid on dividends and other distributions on stock.
-
Box 8: Foreign Country or U.S. Possession
Enter the foreign country or U.S. possession in which the tax is reported on Box 7.
-
Box 9: Cash Liquidation Distributions
Enter the cash liquidation distribution (return of the cost or basis of the investment), also considered the cash you paid upon liquidation of all or part of an underlying entity.
-
Box 10: Non-Cash Liquidation Distributions
Enter the Non-cash Liquidation Distribution, commonly referred to as any amounts other than cash that you paid upon liquidation of all or part of the underlying entity.
-
Boxes 11: FATCA filing requirement
Check the box if any FATCA filing is reported.
-
Boxes 12: Exempt-Interest Dividends
Enter the amount if Mutual Funds paid tax-exempt dividends to the recipient.
-
Boxes 13: Specified Private Activity Bond Interest Dividends
Enter the amount if RIC paid the exempt-interest dividends from specified private activity bonds.
- Box 14-16: State Withholding Information
- Box 15 - Enter State ID number
- Box 16 - Enter State tax withheld
Want to know how to complete Form 1099-DIV? Here are the step by step Form 1099-DIV Instructions.
What are the Form 1099-DIV copies?
Payer must complete 5 copies when filing Form 1099-DIV:
- Copy A must be filed with the IRS.
- Copy 1 must be filed with the State tax department.
- Copy B must be furnished to the recipient.
- Copy 2 must be filed with the recipient's state income tax return, when required.
Choose TaxBandits for filing 1099-DIV Form with the IRS, State and we’ll mail copies of Form 1099-DIV to the recipients. Started Now
Want to know how to complete Form 1099-DIV? Here are the step up step instructions for Form 1099-DIV.
What are the Penalties for not filing Form 1099-DIV?
If you fail to file and furnish Form 1099-DIV within the specified deadlines, the IRS will impose penalties ranging between $60 and $660, depending on your business size and the delayed period. Learn More about 1099-DIV penalties.
File your 1099-DIV Form Accurately & Securely with TaxBandits. We mail your copies to your recipient on-time. Get Started Now
What are the most common errors on Form 1099-DIV?
There are two type of errors that occur when filing Form 1099-DIV are:
- Incorrect amount(s), code or checkbox
- No payee TIN (SSN, EIN, QI-EIN or ITIN), incorrect payee TIN/Name
How to correct errors on Form 1099-DIV?
If you discover an error, correct IRS 1099-DIV and retransmit your Form 1099-DIV to the IRS.
You’re also required to furnish the corrected copies of Form 1099-DIV to the recipient(s).
To correct a Form 1099-DIV previously reported with the IRS, use a separate Form 1099-DIV and enter an “X” in the “CORRECTED” box. Make any necessary corrections to your 1099-DIV Forms and transmit them to the IRS again.
If the error is an incorrect TIN/ID, you must send a written statement to the IRS to correct the form.
What is Form 1099-DIV Extension?
If you need more time to file 1099-DIV with the IRS, you may request an automatic 30-day extension by filing Form 8809. Tax Extension Form 8809 can be filed electronically or by paper.
Helpful Resources for Filing 1099-DIV Online
