Instructions For Form 1099-Patr - 2000 Page 3
ADVERTISEMENT
1
2
32 0 00
Department of the Treasury
Internal Revenue Service
Instructions for Form
1099-PATR
Section references are to the Internal Revenue Code unless otherwise noted.
amount), and other property (except nonqualified written notices
What's New for 2000?
of allocation).
To help make it easier for you to get only the information you
Box 2
need to complete the Forms 1099, 1098, 5498, and W-2G you
file, we are now providing general and specific form instructions
Enter the total nonpatronage distributions paid in cash (qualified
as separate products. The new products you should use for
or “consent” checks), qualified written notices of allocation (face
2000 are the General Instructions for Forms 1099, 1098,
amount), and other property. Do not include nonqualified written
5498, and W-2G, which contains general information concerning
notices of allocation. This box applies only to farmers'
Form 1099-PATR and other forms in the 1099 series, and the
cooperatives exempt from tax under section 521.
separate specific instructions for each information return you file.
Box 3
If you prefer to have all the specific and general instructions in
one booklet, the 2000 Instructions for Forms 1099, 1098,
Enter the total per-unit retain allocations paid in cash, qualified
5498, and W-2G is also available.
per-unit retain certificates (face amount), and other property.
Box 4
Specific Instructions for Form 1099-PATR
Enter backup withholding. For example, persons who have not
furnished their TIN to you in the manner required are subject to
File Form 1099-PATR, Taxable Distributions Received From
withholding at a 31% rate on payments required to be reported
Cooperatives, for each person to whom the cooperative has paid
in boxes 1, 2, 3, and 5 to the extent such payments are in cash
at least $10 in patronage dividends and other distributions
or qualified check. See Regulations section 31.3406(b)(2)-5 for
described in section 6044(b) or from whom you withheld any
more information on backup withholding by cooperatives.
Federal income tax under the backup withholding rules
regardless of the amount of the payment. A cooperative
Box 5
determined to be primarily engaged in the retail sale of goods
or services that are generally for personal, living, or family use
Enter all redemptions of nonqualified written notices of allocation
of the members may ask for and receive exemption from filing
issued as patronage dividends or nonqualified written notices of
Form 1099-PATR. See Form 3491, Consumer Cooperative
allocation issued as nonpatronage allocations (applicable only
Exemption Application, for information about how to apply for
to farmers' cooperatives qualifying under section 521). Also
this exemption.
enter nonqualified per-unit retain certificates issued with respect
to marketing.
Report dividends paid on a cooperative's capital stock on
Form 1099-DIV, Dividends and Distributions.
Pass-through Credits
Statements to Recipients
Report in the appropriate boxes the patron's share of unused
credits that the cooperative is passing through to this patron:
If you are required to file Form 1099-PATR, you must provide a
statement to the recipient. For more information about the
Box 6
requirement to furnish an official form or acceptable substitute
statement to recipients in person or by statement mailing, see
See the TIP below.
part H in the General Instructions for Forms 1099, 1098, 5498,
Box 7
and W-2G.
Investment credit.
2nd TIN Not.
Box 8
You may enter an “X” in this box if you were notified by the IRS
twice within 3 calendar years that the payee provided an
Work opportunity credit.
incorrect taxpayer identification number (TIN). If you mark this
Box 9
box, the IRS will not send you any further notices about this
account.
Patron's alternative minimum tax (AMT) adjustment. Enter the
total AMT patronage dividend adjustment for the patron.
Box 1
If you are passing through other credits, such as the
Enter the total patronage dividends paid in cash (qualified or
Indian employment credit, the empowerment zone
TIP
“consent” checks), qualified written notices of allocation (face
employment credit, or the welfare-to-work credit, use box
6 or the blank box under boxes 8 and 9. Label the credit.
Cat. No. 27984F
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial