Instructions For Schedule B - Interest And Ordinary Dividends (Page 2 of 2) in pdf

•

If you received dividends as a

The accounts were with a U.S. mili-

Line 7b

nominee, you must give the ac-

tary banking facility operated by a U.S.

TIP

If you checked the “Yes” box on line 7a,

tual owner a Form 1099-DIV

financial institution.

enter the name of the foreign country or

•

unless the owner is your

You were an officer or employee of a

countries in the space provided on line 7b.

spouse. You must also file a Form 1096 and

commercial bank that is supervised by the

Attach a separate statement if you need

a Form 1099-DIV with the IRS. For more

Comptroller of the Currency, the Board of

more space.

details, see the General Instructions for

Governors of the Federal Reserve System,

Forms 1099, 1098, 5498, and W-2G and

or the Federal Deposit Insurance Corpora-

the Instructions for Form 1099-DIV .

tion; the account was in your employer’s

Line 8

name; and you did not have a personal fi-

nancial interest in the account.

Foreign Trusts

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Part III. Foreign

You were an officer or employee of a

domestic corporation with securities listed

If you received a distribution from a for-

Accounts and Trusts

on national securities exchanges or with

eign trust, you must provide additional in-

assets of more than $10 million and 500 or

formation. For this purpose, a loan of cash

more shareholders of record; the account

or marketable securities generally is con-

was in your employer’s name; you did not

sidered to be a distribution. See Form 3520

Lines 7a and 7b

have a personal financial interest in the ac-

for details.

count; and the corporation’s chief financial

Foreign Accounts

If you were the grantor of, or transferor

officer has given you written notice that the

to, a foreign trust that existed during 2008,

corporation has filed a current report that

you may have to file Form 3520.

Line 7a

includes the account.

Do not attach Form 3520 to Form 1040.

See Form TD F 90-22.1 to find out if

Check the “Yes” box on line 7a if either (1)

Instead, file it at the address shown in its

you are considered to have an interest in or

or (2) below applies.

instructions.

signature or other authority over a financial

1. You own more than 50% of the stock

If you were treated as the owner of a

account in a foreign country (such as a bank

in any corporation that owns one or more

foreign trust under the grantor trust rules,

account, securities account, or other finan-

foreign bank accounts.

you are also responsible for ensuring that

cial account). You can get Form TD F

the foreign trust files Form 3520-A. Form

2. At any time during 2008 you had an

90-22.1 by visiting the IRS website at

3520-A is due on March 16, 2009, for a

interest in or signature or other authority

calendar year trust. See the instructions for

over a financial account in a foreign coun-

If you checked the “Yes” box on line 7a,

try (such as a bank account, securities ac-

Form 3520-A for more details.

file Form TD F 90-22.1 by June 30, 2009,

count, or other financial account).

with the Department of the Treasury at the

address shown on that form. Do not attach

For line 7a, item (2) does not

it to Form 1040.

apply to foreign securities held

TIP

If you are required to file Form

in a U.S. securities account.

TD F 90-22.1 but do not do so,

you may have to pay a penalty

Exceptions.

Check the “No” box if any of

of up to $10,000 (more in some

the following applies to you.

cases).

•

The combined value of the accounts

was $10,000 or less during the whole year.

B-2

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Instructions For Schedule B - Interest And Ordinary Dividends Page 2

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