FAQs on Form 1099 Series

What are the Due Date Exceptions and Other Requirements For Furnishing the Tax Information Statement to TIHs?

A tax information statement that includes the information provided to the IRS on all Forms 1099 filed for the calendar year with respect to the TIH’s interest in the WHFIT, as well as additional information identified in Regulations section 1.671-5(e), must be provided to the TIHs. The amount of an item of trust expense that is attributable to a TIH must be included on the tax information statement provided to the TIH and is not required to be included in box 5 on the Form 1099-DIV.

Last modified 26 Jul 2017 16:07 EST

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