Instructions For Form 1099-Div - 2015
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42015
Department of the Treasury
Internal Revenue Service
Instructions for Form
1099-DIV
Dividends and Distributions
Section references are to the Internal Revenue Code unless
For whom you have withheld any federal income tax on
otherwise noted.
dividends under the backup withholding rules, or
To whom you have paid $600 or more as part of a
Future Developments
liquidation.
For the latest information about developments related to
Dividends
Form 1099-DIV and its instructions, such as legislation
enacted after they were published, go to
If you make a payment that may be a dividend but you are
form1099div.
unable to determine whether any part of the payment is a
dividend by the time you must file Form 1099-DIV, the entire
What's New
payment must be reported as a dividend. See the regulations
under section 6042 for a definition of dividends.
FATCA filing requirements of certain foreign financial
institutions (FFIs). Beginning in 2014, an FFI with a
Exceptions
chapter 4 requirement to report a U.S. account maintained by
You are not required to report on Form 1099-DIV the
the FFI that is held by a specified U.S. person may satisfy
following:
this requirement by reporting on Form(s) 1099 under the
election described in Regulations section 1.1471-4(d)(5)(i)
1. Taxable dividend distributions from life insurance
(A). Additionally, a U.S. payor may satisfy its chapter 4
contracts and employee stock ownership plans. These are
requirement to report such a U.S. account by reporting on
reported on Form 1099-R, Distributions From Pensions,
Form(s) 1099. See Regulations section 1.1471-4(d)(2)(iii)(A).
Annuities, Retirement or Profit-Sharing Plans, IRAs,
Form 1099-DIV is among the Forms 1099 used for such
Insurance Contracts, etc.
purpose. A new check box was added to Form 1099-DIV to
2. Substitute payments in lieu of dividends. For payments
identify an FFI filing this form to satisfy its chapter 4 reporting
received by a broker on behalf of a customer in lieu of
requirement.
dividends as a result of a loan of a customer's securities, see
Reminder
the instructions for box 8 in the 2015 Instructions for Form
1099-MISC.
In addition to these specific instructions, you should also use
Substitute payments in lieu of dividends may be
the 2015 General Instructions for Certain Information
Returns. Those general instructions include information
reported on a composite statement to the recipient
TIP
about the following topics.
with Form 1099-DIV. See Pub. 1179, General Rules
and Specifications for Substitute Forms 1096, 1098, 1099,
Who must file (nominee/middleman; certain FFIs and U.S.
5498, and Certain Other Information Returns.
payors that report on Form(s) 1099 to satisfy their chapter 4
reporting requirements).
3. Payments made to certain payees. These include a
When and where to file.
corporation, tax-exempt organization, any IRA, Archer MSA,
Electronic reporting requirements.
health savings account (HSA), U.S. agency, state, the
Corrected and void returns.
District of Columbia, U.S. possession, or registered
Statements to recipients.
securities or commodities dealer.
Taxpayer identification numbers.
Certain distributions commonly referred to as
Backup withholding.
“dividends” are actually interest and are to be
!
Penalties.
reported on Form 1099-INT. These include so-called
The definitions of terms applicable for chapter 4 purposes
CAUTION
“dividends” on deposit or on share accounts in cooperative
that are referenced in these instructions.
banks, credit unions, domestic building and loan
Other general topics.
associations, domestic and federal savings and loan
associations, and mutual savings banks.
You can get the general instructions from
form1099div
or by calling 1-800-TAX-FORM
(1-800-829-3676).
Qualified Dividends
Except as provided below, qualified dividends are dividends
Specific Instructions
paid during the tax year from domestic corporations and
qualified foreign corporations.
File Form 1099-DIV, Dividends and Distributions, for each
person:
Exceptions. The following dividends are not qualified
To whom you have paid dividends (including capital gain
dividends.
dividends and exempt-interest dividends) and other
Dividends the recipient received on any share of stock
distributions on stock of $10 or more,
held for less than 61 days during the 121-day period that
For whom you have withheld and paid any foreign tax on
began 60 days before the ex-dividend date. See the
dividends and other distributions on stock,
Sep 25, 2014
Cat. No. 27978B
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