E-File Form 1099-PATR Online for 2023 Tax Year

What is a Form 1099-PATR?

IRS Form 1099-PATR, Taxable Distributions Received from Cooperatives, for each person to whom the cooperative has paid at least $10 in patronage dividends and other distributions described in section 6044(b) or from whom you withheld any federal income tax under the backup withholding rules regardless of the amount of the payment.

When is the deadline to file Form 1099-PATR?

Form 1099-PATR must be furnished to recipients by January 31, 2024 and e-filed with the IRS by April 1, 2024. The 1099-C paper filing deadline is February 28, 2024.

What are the Boxes in Form 1099-PATR?

Form 1099-PATR comprised of 13 Boxes. You have to enter the required information in each box.

Boxes for Payer Information

1. Enter your information like Name, Address, City or Town, State, Postal Code, and Phone Number

2. Enter your TIN (EIN/SSN)

Boxes for Recipient Information

1. Enter your Recipient TIN

2. Enter your Recipient Name

3. Enter your Recipient Address

4. Enter your Recipient City, State, Country, and ZIP code

What are the exceptions to File Form 1099 PATR?

You are not required to file Form 1099-PATR for payments made to a corporation, a tax-exempt organization including tax-exempt trusts (HSAs, Archer MSAs, and Coverdell ESAs), the United States, a state, a possession, or the
District of Columbia.

For more information visit: https://www.irs.gov/instructions/i1099ptr/index.html