Who needs it?
File form 1099-DIV, Dividends and Distributions, for each person:
- To whom you have paid dividends (including capital gain dividends and exempt-interest dividends) and other distributions on stock of $10 or more
- For whom you have withheld and paid any foreign tax on dividends and other distributions on stock
- For whom you have withheld any federal income tax on dividends under the backup withholding rules
- To whom you have paid $600 or more as part of liquidation.
When to File it
With Tax1099.com, we automatically schedule your IRS e-File transmission date for the e-File deadline. That allows you to make changes to forms after creating them for your vendors and before sending them to the IRS, without the need to issue corrected forms – all at no additional cost for the e-File update. You may also change the scheduled date to occur earlier than the deadline if you prefer.
Electronically filed 1099-DIV forms are directly transmitted to the IRS from the Tax1099.com system. IRS e-filed acceptance acknowledgment comes within 3 to 7 business days.