Before you prepare Form 1099-DIV, you will need tax information for the payer and payee, as well as the amounts paid to the payee.
What information is needed to prepare form 1099-DIV?
Payer Information
You will need to include the following information on each form you prepare.
- Federal Identification Number
- Payer Name
- Payer Address
Payee Information
You will need to include the following information on each form you prepare.
- Payee Tax Identification Number (TIN)
- Payee Name
- Payee Address
- Account Number (Only required if Payee/Recipient has multiple accounts for which you are filing more than one form or if selecting “FATCA filing requirement” box. Otherwise, optional.)
Payment Amounts
The IRS instructs that a 1099-DIV form must be completed each person who, in the previous tax year, has been paid for certain amounts. It is recommended to view the IRS instructions for the amount types and their corresponding box number, as these are susceptible to change year to year.
Learn more about Form 1099-DIV filing and become a master at reporting using our downloadable PDF Guide below.
Next Steps
Once you have gathered information to prepare form 1099-DIV, you can:
Lastly, always be sure to check the deadlines well in advance! This helps to ensure that you’ll have everything completed in a timely manner.
BoomTax, The Boom Post, and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors prior to engaging in any transaction.
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