A 1099-DIV form is a yearly tax statement furnished by investment fund companies to investors. Form 1099-DIV
includes income from dividends including exempt interest dividends and capital gains dividends of more than $10. The information included on Form 1099-DIV is furnished to the IRS (Internal Revenue Service)
/ SSA (Social Security Administration) as well as the payee, or person the dividends were paid to.
Qualified Dividends on Form 1099-DIV?
Dividends paid within a tax year by qualified foreign corporations and domestic corporations are considered qualified dividends related to Form 1099-DIV. For 1099-DIV forms related to individuals, estates as well as trusts, qualified dividends are taxed at a max rate of 15% (typically, the rate is zero for individuals when their other income is taxed at the 10% or 15% rate).
Who needs to file Form 1099-DIV?
Form 1099-DIV is typically filed by investment fund companies and provided to investors on a yearly basis. On the 1099-DIV
form income from dividends including capital gains dividends along with exempt interest dividends in amounts over $10 are reported on an annual basis. Form 1099-DIV needs to both filed with the IRS (Internal Revenue Service) / SSA (Social Security Administration)
and provided to recipients.
Form 1099-DIV Due Date
When filing your 1099-DIV forms you will need to file them with the IRS (Internal Revenue Service) / SSA (Social Security Administration) by February 29, 2016 for the tax year 2015 if you choose to paper file the 1099-DIV forms. E-Filing Form 1099-DIV allows you extra time to file Form 1099-DIV with the IRS/SSA with a due date of March 31, 2016 for the 2015 tax year. Form 1099-DIV must be sent to the recipients no later than January 31, 2016 for the tax year 2015. ExpressIRSForms
allows you to E-File Form 1099-DIV and automatically postal mail to your recipients without having to use multiple services or take up additional time.
How is Form 1099-DIV Filed?
Form 1099-DIV can be both paper filed and E-Filed with the IRS (Internal Revenue Service) / SSA (Social Security Administration)
. If paper filing, the form 1099-DIV must be filed on or before February 29, 2016 for the 2015 tax year. If E-Filing, the 1099-DIV form must be filed on or before March 31, 2016 for the 2015 tax year. Regardless of whether Form 1099-DIV is E-Filed or paper filed they must still be provided to recipients on or before January 31, 2016 for the tax year 2015. Filing Form 1099-DIV Online is a quick and convenient method to file the form. With an E-File provider
such as Expressirsforms.com you can both File your form 1099-DIV online
and generate your official copies to be provided to your recipients at the same time.
What are the exceptions to filing Form 1099-DIV?
There are two exceptions for filing the Form 1099-DIV
Dividend distributions that are taxable from life insurance contracts and employee stock ownership which need to be reported on Form 1099-R, distributions from pensions, retirement or profit-sharing plans, IRAs, annuities, etc.
- Substitute payments in lieu of dividends. Payments that are received by a broker on behalf of a client in lieu of dividends resulting from a loan of a client’s securities, see box 8 of Form 1099-MISC.
What if Form 1099-DIV is filed late?
If 1099-DIV forms are filed late with the IRS (Internal Revenue Service) / SSA
(Social Security Administration) or provided to recipients late there will likely be penalties assessed based on the date that you file Form 1099-DIV. Avoid late filing penalties for Form 1099-DIV by submitting your forms for processing as soon as possible. Using the ExpressIRSForms
system is an efficient way to file your Form 1099-DIV online and provide copies to your recipients automatically via postal mail.
Where do I go to file other types of 1099 forms?
There are many different types of 1099 forms
that you may need to file each year. Each of these forms can be either paper filed or E-Filed with the IRS (Internal Revenue Service) / SSA (Social Security Administration). With ExpressIRSForms you can E-File Form 1099-DIV
, Form 1099-MISC
, Form 1099-INT
, Form 1099-R
and even form W-2
. ExpressIRSForms is part of the ExpressTaxZone line of IRS Authorized tax software including Express Extension, ExpressTruckTax and ExpressIFTA.