EFILE IRS FORM 1099-DIV

Form 1099-DIV General Information A 1099-DIV form is a yearly tax statement furnished by investment fund companies to investors. Form 1099-DIV includes income from dividends including exempt interest dividends and capital gains dividends of more than $10. The information included on Form 1099-DIV is furnished to the IRS (Internal Revenue Service) / SSA (Social Security Administration) as well as the payee, or person the dividends were paid to. How is Form 1099-DIV Filed? Form 1099-DIV can be both paper filed and E-Filed with the IRS (Internal Revenue Service) / SSA (Social Security Administration). If paper filing, the form 1099-DIV must be filed on or before February 28, 2013 for the 2012 tax year. If E-Filing the 1099-DIV form must be filed on or before April 1, 2013 for the 2012 tax year. Regardless of whether Form 1099-DIV is E-Filed or paper filed they must still be provided to recipients on or before January 31, 2013 for the tax year 2012. E-Filing Form 1099-DIV is a quick and convenient method to file the form. With an E-File provider such as ExpressTaxFilings.com you can both E-File your form 1099-DIV and generate your official copies to be provided to your recipients at the same time. What are the exceptions to filing Form 1099-DIV? There are two exceptions for filing the Form 1099-DIV as follows:

Dividend distributions that are taxable from life insurance contracts and employee stock ownership which need to be reported on Form 1099-R, distributions from pensions, retirement or profit-sharing plans, IRAs, annuities, etc. Substitute payments in lieu of dividends. Payments that are received by a broker on behalf of a client in lieu of dividends resulting from a loan of a clients securities, see box 8 of Form 1099-MISC.

What if Form 1099-DIV is filed late? If 1099-DIV forms are filed late with the IRS (Internal Revenue Service) / SSA (Social Security Administration) or provided to recipients late there will likely be penalties assessed based on the date that you file Form 1099-DIV. Avoid late filing penalties for Form 1099-DIV by submitting your forms for processing as soon as possible. Using the ExpressTaxFilings system is an efficient way to file your Form 1099-DIV and provide copies to your recipients automatically via postal mail. Filing Additional 1099 Forms There are a number of different 1099 form variations available for both paper filing and E-Filing. Form 1099-DIV, Form 1099-INT, Form 1099-MISC and Form 1099-OID are all available for E-Filing with ExpressTaxFilings at this time. In addition to these forms you may also E-File Form W-2 with ExpressTaxFilings. The ExpressTaxZone IRS Authorized product line includes this service as well as ExpressIFTA, ExpressTruckTax and Express Extension.

Copyright 2012 ExpressTaxFilings.com