1099 Guide to Information Returns
The series of 1099 forms are filed for various payments made to non-employees of a business, or for other reasons as required by the government. If any date shown falls on a Saturday, Sunday or legal holiday, the due date is the next business day.
| FORM | TITLE | WHAT TO REPORT | AMOUNTS TO REPORT | IRS/SSA DUE DATE | TO RECIPIENT DUE DATE |
|---|---|---|---|---|---|
| 1042S | Foreign Person’s U.S. Source Income Subject to Withholding | Income such as interest, dividends, royalties, pensions and annuities, etc., and amounts withheld under Chapter 3. Also, distributions of effectively connected income by publicly traded partnerships or nominees. | See form Instructions | March 15 | March 15 |
| 1094B | Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns | Summary transmittal record of 1095-Bs. | TBD | Feb 28 Paper, N/A | N/A |
| 1094C | Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns | Summary transmittal record of 1095-Cs. | TBD | Feb 28 Paper, N/A | N/A |
| 1095B | Health Coverage | Which months the insured and his or her family was covered under the plan. | TBD | Insurance Carrier submits Feb 28 Paper, | March 2 |
| 1095C | Employer-Provided Health Insurance Offer and Coverage | Whether or not the employer offered health coverage to employees. | TBD | January 31 | March 2 |
| 1098 | Mortgage Interest Statement | Mortgage interest (including points) and certain mortgage insurance premiums you received in the course of your trade or business from individuals and reimbursements of overpaid interest. | $600 or more | Feb. 29 Paper or Mar. 31 Electronic | To Payer/Borrower) January 31 |
| 1098C | Contributions of Motor Vehicles, Boats, and Airplanes Information | Regarding a donated motor vehicle, boat, or airplane. | Gross proceeds of more than $500 | Feb. 29 Paper or Mar. 31 Electronic | (To Donor) 30 days from day of sale or contribution |
| 1098E | Student Loan Interest Statement | Student loan interest | $600 or more | Feb. 29 Paper or Mar. 31 Electronic | January 31 |
| 1098T | Tuition Statement | See Instructions | Feb. 29 Paper or Mar. 31 Electronic | January 31 | |
| 1099A | Acquisition or Abandonment of Secured Property | Information about the acquisition or abandonment of property that is security for a debt for which you are the lender. | All amounts | Feb. 29 Paper or Mar. 31 Electronic | (To Borrower)January 31 |
| 1099B | Proceeds From Broker and Barter Exchange Transactions | Sales or redemptions of securities, futures transactions, commodities, and barter exchange transactions. | All amounts | Feb. 29 Paper or Mar. 31 Electronic | February 15* |
| 1099C | Cancellation of Debt | Amounts you canceled as a cancellation of debt issued in the course of your trade or business. Issued mainly by lenders and the U.S. government to persons for whom a debt was canceled. Also issued by a corporation that is the creditor to a debtor corporation where the debtor corporation cancels or forgives the debt or by an organization in its business of lending money. | $600 or more | Feb. 29 Paper or Mar. 31 Electronic | January 31 |
| 1099CAP | Changes in Corporate Control and Capital Structure | Information about cash, stock, or other property from an acquisition of control or the substantial change in capital structure of a corporation. | Amounts of stock or property valued at $1,000 or more | Feb. 29 Paper or Mar. 31 Electronic | (To Shareholders) January 31 |
| 1099DIV | Dividends and Distributions | Distributions, such as dividends, capital gain distributions, or nontaxable distributions, that were paid on stock and liquidation distributions. | $10 or more, except $600 or more for liquidations | Feb. 29 Paper or Mar. 31 Electronic | January 31* |
| 1099G | Certain Government Payments | Unemployment compensation, state and local income tax refunds, agricultural payments, and taxable grants. | $10 or more for refunds and unemployment | Feb. 29 Paper or Mar. 31 Electronic | January 31 |
| 1099INT | Interest Income | Interest income. Tax-exempt interest and U.S. Savings Bonds and Treasury obligations interest are also reported on this form. | $10 or more ($600 or more in some cases) | Feb. 29 Paper or Mar. 31 Electronic | January 31* |
| 1099LTC | Long Term Care and Accelerated Death Benefits | Payments under a long-term care insurance contract or accelerated death benefits paid from a life insurance policy or annuity contract. | All amounts | Feb. 29 Paper or Mar. 31 Electronic | January 31 |
| 1099MISC | Miscellaneous Income | Rent or royalty payments; prizes and awards that are not for services, such as winnings on TV or radio shows. | $600 or more, except $10 or more for royalties | Paper: February 28 Electronic: March 31st | January 31* |
| Payments to crew members by owners or operators of ng boats including payments of proceeds from sale of catch. | All amounts | ||||
| Section 409A income from nonqualified deferred compensation plans (NQDCs). | All amounts | ||||
| Payments to a physician, physicians’ corporation, or other supplier of health and medical services. Issued mainly by medical assistance programs or health and accident insurance plans. | $600 or more | ||||
| Fish purchases paid in cash for resale. | $600 or more | ||||
| Crop insurance proceeds. | $600 or more | ||||
| Substitute dividends and tax-exempt interest payments reportable by brokers. | $10 or more | February 15 | |||
| Gross proceeds paid to attorneys. | $600 or more | February 15 | |||
| A U.S. account for chapter 4 purposes to which you made no payments during the year that are reportable on any applicable Form 1099 (or a U.S. account to which you made payments during the year that do not reach the applicable reporting threshold for any applicable form 1099) reported pursuant to an election described in Regulations section 1.1471-4(d)(5) (i)( A). | All amounts (including $10) | January 31* | |||
| Aggregated direct sales of consumer goods for resale. | $5,000 or more | January 31* | |||
| 1099NEC | Nonemployee Compensation | Payments for services performed for a trade or business by people not treated as its employees. Examples: fees to subcontractors or directors and golden parachute payments. | $600 or more | January 31 | January 31 |
| Aggregated direct sales of consumer goods for resale. | $5,000 or More | ||||
| 1099OID | Original Issue Discount | OID on U.S. Treasury obligations and tax-exempt OID are also reported on this form. Stated interest (other than stated interest that is OID) may be reported on this form. | $10 or more | Feb. 29 Paper or Mar. 31 Electronic | January 31* |
| 1099PATR | Taxable Distributions Received From Cooperatives | Distributions from cooperatives passed through to their patrons including any domestic production activities deduction and certain pass-through credits. | $10 or more | Feb. 29 Paper or Mar. 31 Electronic | January 31 |
| 1099Q | Payments from Education Programs (Under Sections 529 and 530) | All amounts | Feb. 29 Paper or Mar. 31 Electronic | January 31 | |
| 1099R | Profit-Sharing Plans, IRAs, Insurance Contracts, etc. | Distributions from retirement or profit-sharing plans, any IRA, insurance contracts, and IRA recharacterizations. | $10 or more | Feb. 29 Paper or Mar. 31 Electronic | January 31 |
| 1099S | Proceeds From Real Estate Transactions | Gross proceeds from the sale or exchange of real estate and certain royalty payments. | Generally, $600 or more | Feb. 29 Paper or Mar. 31 Electronic | February 15 |
| 1099SA | Distributions from an HSA, Archer MSA, or Medicare Advantage MSA | Distributions from an HSA, Archer MSA, or Medicare Advantage MSA. | All amounts | Feb. 29 Paper or Mar. 31 Electronic | January 31 |
| 3921 | Exercise of an Incentive Stock Option Under Section 422(b) | Transfer of stock pursuant to the exercise of an incentive stock option under section 422(b). | All amounts | Feb. 29 Paper or Mar. 31 Electronic | January 31 |
| 3922 | Transfer of Stock Acquired Through an Employee Stock Purchase Plan Under Section 423(c) | Transfer of stock acquired through an employee stock purchase plan under section 423(c). | All amounts | Feb. 29 Paper or Mar. 31 Electronic | January 31 |
| 5498 | IRA Contribution Information | Contributions (including rollover contributions) to any individual retirement arrangement (IRA) including a SEP, SIMPLE, and Roth IRA; Roth conversions; IRA recharacterizations; and the fair market value (FMV) of the account (including information on hard-to-value assets). | All amounts | May 31 (To Participant) For FMV/RMD/SIMPLE IRA contributions, January 31; For all other contributions, May 31 | |
| 5498ESA | Coverdell ESA Contribution Information | Contributions (including rollover contributions) to a Coverdell ESA. | All amounts | May 31 | April 30 |
| 5498SA | HSA, Archer MSA, or Medicare Advantage MSA Information | Contributions to an HSA (including transfers and rollovers) or Archer MSA and the FMV of an HSA, Archer MSA, or Medicare Advantage MSA. | All amounts | May 31 (To Participant) | May 31 |
