E-File Form 1099-DIV Online to Report Dividends and Distributions

You (as a payer) are required to file Form 1099-DIV for each shareholder under the following conditions:

• You paid dividends (including capital gain or exempt-interest dividends) or other stock distributions amounting to $2,000 or more in money or property.
• You withheld and paid any foreign tax on dividends or other distributions on stock.
• You withheld federal income tax under the backup withholding rules on dividends.
• You paid $600 or more in money or property as part of a liquidation distribution.

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.

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.

Recipient copies are due by February 1, 2027. The IRS filing deadline is March 1, 2027 for paper returns and March 31, 2027 for electronic returns. If any of these dates fall on a weekend or holiday, the deadline moves to the next business day.

Learn more to know about 1099-DIV Due dates.

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

Form 1099-DIV typically has four copies to complete. Here’s the accurate breakdown:

• Copy A - Filed with the IRS.
• Copy 1 - Filed with the state tax department, if required.
• Copy B - Furnished to the shareholder.
• Copy 2 - Filed with the shareholder’s state income tax return, when required.

The IRS may charge $60 to $340 per return for late or incorrect Form 1099-DIV filings. Intentional disregard can result in a penalty of $680, with no annual maximum.

The other tiers are capped annually — for returns due in 2027, $244,500 to $1,397,000 for small businesses (average annual gross receipts of $5 million or less) and $698,500 to $4,191,500 for larger filers. Amounts are indexed for inflation each year.

Learn More about 1099-DIV penalties.

There are two types 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

If you need more time to file Form 1099-DIV with the IRS, you may request an automatic 30-day extension by filing Form 8809. Form 8809 can be filed electronically or by paper.

If you need additional time to furnish shareholder statements for Form 1099-DIV, you must file Form 15397 on or before the original due date.