1099-DIV Dividends and Distributions

News and updates regarding Form 1099-Div for reporting dividends. Discover employer requirements for reporting and eFile form 1099-Div to the IRS while meeting compliance.

Deadlines for Form 1099 Series Tax Year 2020

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Deadlines for form 1099 series

IRS Deadlines for Form 1099 Series

The deadlines for Form 1099 series vary depending on form and type of filing, electronic or paper.

  • The deadline to submit 2020 Forms 1099-NEC to the IRS by paper or electronic filing is January 31, 2021.
  • The deadline to submit all other 2020 Forms 1099 to the IRS by paper filing is March 1, 2021.
  • The deadline to submit all other 2020 Forms 1099 to the IRS by electronic filing is March 31, 2021. 

Note: You must file electronically if you are submitting over 250 Forms 1099-MISC, -INT, or -DIV for TY2020.

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Import Spreadsheet Format Guidelines for Tax Year 2019

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Import spreadsheet format guidelines A Step-by-Step Guide

We’ve created Excel import spreadsheet templates to help you easily upload all of your 1095-B and 1095-C, 1099, and W-2 data. Our Excel import option makes filing your data even easier, which gives you more time to review before the deadline.  These templates are identical to the official IRS forms so that you can enter … Read more

Form 1099 Deadlines – IRS TY 2019

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The Form 1099 deadlines vary depending on form and type of filing, electronic or paper. Form 1099 Deadlines Note: You must file electronically if you are submitting over 250 Forms 1099-MISC, -INT, or -DIV for 2019. Recipient Form 1099 Deadlines The form 1099 deadline to distribute forms to recipients is January 31, 2020.  State Deadlines State … Read more

Avoid Penalties for Tax Year 2018 – ACA, 1099 & W-2 Reporting

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Take active measures to avoid paying penalties for Tax Year 2018 by planning ahead, keeping track of your deadlines, and double-checking your information. If you fail to timely file your information returns or file them incorrectly, you could be liable for additional fines or fees. Penalties for Tax Year 2018 ACA Reporting According to the … Read more

Import Spreadsheet Format Guidelines for Tax Year 2018

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We’ve created Excel import spreadsheet templates to help you easily upload all of your 1095-B and 1095-C, 1099, and W-2  data. These templates are identical to the official IRS forms so that you can enter the information just as you would on paper.  General Import Spreadsheet Guidelines For more in-depth or specific validation errors, you … Read more

Quick Guide: Prepare, Distribute, File – Tax Year 2018

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We’ve put together this quick guide to help you figure out how to timely prepare, distribute, and file your tax forms using BoomTax. Check out our other Quick Guides It is important to know what information you need to begin preparing your filings. In our Step-by-Step Quick Guides for each Form, we’ve identified key topics to … Read more

New! Reduced Backup Withholding Rate

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backup withholding, form 1099, 1099-int, 1099-div, 1099-misc, irs, information returns

The IRS updated Publication 1281, Backup Withholding for Missing and Incorrect Name/TIN(s), last month to reflect a key change as part of the Tax Cuts and Jobs Act (TCJA). Effective January 1, 2018, the backup withholding tax rate dropped from 28 to 24 percent.

Among other circumstances, backup withholding applies when a taxpayer fails to provide their correct taxpayer identification number (TIN) to a payer or when a taxpayer underreports interest or dividend income on their federal tax return.

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IMPORTANT – Deadlines are Coming! TY2017

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ACA Reporting, aca, efiling, efile, e-filing, e-file, affordable care act, boomtax, 1095C, 1094C, 1099, 1099 reporting, 1099-MISC, 1099-INT, 1099-DIV, Tax Year 2017, deadlines

If you’ve been keeping up with our blog, you might be starting to think we sound a bit like a broken record with how often we mention deadlines for the upcoming tax season. Listen, we’re only doing it because we care about you. We cannot stress enough how important it is to know and be … Read more

Quick Guide: Prepare, Distribute, File: TY 2017

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Whether you’re brand new to using BoomTax or you’re just looking to refresh your memory, we’ve assembled a quick guide to help you prepare for the upcoming tax season! Our filing process is designed to be as simple as possible without being boring. In this article, we’ll provide you with a brief overview of how … Read more

Penalties for Tax Year 2017 ACA and 1099 Reporting

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No one likes having to pay additional fines or fees, especially when they are avoidable. This tax season, you can take active measures to avoid potential penalties by planning ahead, verifying information, and distributing forms in a timely manner. Penalties are charged for failure to timely file tax or information returns, or for filing incorrect … Read more

Preparing Form 1099-DIV: TY2017 Guide

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It is important that you know what information you need before you begin preparing Form 1099-DIV. We’ve identified the following 5 key topics that may help you to correctly and timely file your 1099-DIV forms with our Step-by-Step Guide.  Determine Who Must Receive a 1099-DIV Form The IRS instructs that a 1099-DIV form must be generated … Read more

Who Receives Form 1099-DIV? – TY 2017

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Receives Form 1099-DIV

Form 1099-DIV is used by banks and other financial institutions to report dividend income and other distributions such as from stock or capital gains.  Who receives Form 1099-DIV? The IRS instructs that a 1099-DIV form must be completed for each person: Exceptions There are some notable exceptions that are not required to be reported on a … Read more

File and Distribute Form 1099 – TY 2017

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Several parties will require copies of Form 1099. Form 1099 Distribution This is how printed copies should be distributed: Copy A → IRS Copy 1 → State Tax Department Copy B → Recipient Copy 2 → Recipient to File w/ State Income Tax Return Copy C → Payer Copy (for your records) When you e-file your … Read more

Information Returns – Break Down Form 1099 Series, Part 1

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1099 series part 1

No matter if you are a large corporation or a small business owner, chances are you will need to file an information return of some sort each year. It is not always easy to determine which form is needed for which situation. We have broken down the Form 1099 series to help provide a description … Read more

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