Form 1099-DIV is a yearly tax statement provided by banks and other financial institutions to investors to report dividends and other distributions to taxpayers and to the IRS. This form includes income from capital gains and exempt-interest dividends over $10. This information is provided to both the payee and IRS.
Due to recipient by:
Paper file 1099-DIV with the IRS by:
E-file 1099-DIV with the IRS by:
Depending on your state requirements you may need to file Form 1099-DIV with the applicable state department. If the state is apart of the Combined Federal/State Filing the IRS will forward the original and corrected forms to the state free of charge.Learn More
A penalty will be enforced if the filer fails to file by the deadline, include all required information, or if the filer files a return containing incorrect information or on paper when required to e-file. Penalty amounts are based on the size of the organization and the date the Form 1099-DIV is actually filed. Penalty amounts range from $30 to $1,500,000.
This form is used to correct incorrect recipient details previously filed on Form 1099-DIV. Corrections can be made electronically or on paper. This form may be also used to correct the other 1099 Forms.
If you’re unable to file Form 1099-DIV on time, you can apply for an automatic 30-day extension of time to file by completing Form 8809 by your original due date. E-file and receive approval within an hour.Learn More