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E-File 2019 Form 1099-DIV Online

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Quickly and easily e-file your State 1099 Forms along with any State Recon/Transmittal Forms that you may need.

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What Information is Required to File Form 1099-DIV Electronically?

  • 1. Payer Details: Name, EIN/SSN, and Address
  • 2. Recipient Details: Name, EIN/Social Security, and Address
  • 3. Federal Details: Dividend and Distribution of Income Information
  • 4. State Filing Details: Federal/State Income Taxes Withheld

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How to E-file Form 1099-DIV Online for 2019 with TaxBandits?

Are you ready to file Form 1099 DIV? Get Started with TaxBandits & file your form in minutes.

What Is The IRS Form 1099-DIV?

Form 1099-INT is an IRS tax form used by payers such as banks, mutual funds, savings institutions, government entities, and other financial centers that report to the IRS regarding the interest paid to recipients, investment expenses, bond premiums, taxes withheld, and more.

A copy of the 1099-DIV form must be mailed to the recipient.

What’s New on 2019 Form 1099-DIV?

Empowerment zone business stock - An increased exclusion percentage does not apply to gains from the sale or exchange of qualified small business stock after 2018.

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

For more details about Form 1099 DIV, visit irs.gov.

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.

Filing Form 1099-DIV With The State

Some states require the filing of Form 1099-DIV 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?

January 31, 2020 is the due date to distribute copies of Form 1099-DIV to the recipient. If you choose to file by paper, the deadline is February 28, 2020 for the 2019 Tax Year. The Form 1099-DIV electronic filing deadline is on March 31, 2020.

If you have the information available for reporting 1099-INT, get started with TaxBandits and file Form 1099-INT securely & accurately with the IRS.
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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.
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How To Fill Out A 1099-DIV Form?

Form 1099 DIV is comprised of 15 boxes. The form also contains boxes for reporting Payers and Recipients personal details.

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 stocks 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 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 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 in the investment), also considered as 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: Exempt-Interest Dividends

    Enter the amount if Mutual Funds paid tax-exempt dividends to the recipient.

  • Boxes 12: Specified Private Activity Bond Interest Dividends

    Enter the amount if RIC paid the exempt-interest dividends from specified private activity bonds.

  • Boxes 13-15: State Withholding Information

    If you withheld state income taxes on any amount you paid to the recipient, use the state information boxes to report this information.

    • Box 13 - Enter State
    • Box 14 - Enter State ID number
    • Box 15 - Enter State tax withheld

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.
  • Copy C is for the payer’s records.

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

What Are The Most Common Errors On Forms 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 on Form 1099-DIV, make any necessary corrections 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 seperate 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.

Get Started with TaxBandits to correct any errors on Form 1099-DIV. Even if you have filed your original 1099 returns with another e-file provider, you can use TaxBandits to correct your Form & transmit it to the IRS. Get Started Now

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.

What Are The Penalties For Filing Form 1099-DIV?

The IRS will issue penalties for filing 1099-DIV Forms for the following reasons:

  • Not filing 1099-DIV by the due date
  • Not filing a proper 1099-DIV paper form that's machine-readable.
  • Using the form 1099-DIV for the wrong year
  • Not using the correct copy of Form 1099-DIV
  • Filing with an Incorrect or missing TIN
  • Filing with the incorrect information

The penalty is $50 per form if filing a 1099 DIV Form if it is late for less than 30 days, and increases to $100 per form if more than 30 days late. Learn More about 1099-DIV penalties.

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