Home > About Information Returns > What is IRS Form 1099-PATR?

What is IRS Form 1099-PATR?

IRS Form 1099-PATR (Taxable Distributions Received from Cooperatives) is an information return used by cooperatives to report distributions exceeding $10 in patronage dividends or other distributions.  It is also used to report any amount of federal income tax withheld under backup withholding rules.  For instance, if a payee did not furnish a tax identification number to the cooperative, the payer is required to backup withhold at 28%.

Many or most cooperatives will be required to fill out a 1099-PATR form for each payee that received distributions.  There are exemptions for some types of cooperatives for reporting these distributions.  In particular, cooperatives that are mostly created for the sale of goods and services that are used for personal, living, or family expenses can apply for an exemption from the IRS.  But, the IRS must first qualify the cooperative from exemption before it can be determined that no 1099-PATR form should be required.  A tax professional should always be consulted if there is a question on whether or not a 1099-PATR information return should be filed.

Form 1099-PATR is due to the payment recipient by January 31 following the calendar year in which the distribution was given.  It is also required to be sent to the IRS by February 28 along with appropriate state and local revenue services and Form 1096.  If you file electronically, you have until the end of March and you can file for an automatic 30-day extension taking the due date to the end of April.

Copy A of Form 1099-PATR has the look and feel of a normal sheet of paper printed with a special red ink.  If you submit Copy A by mail to the IRS, it must be submitted on their page with their special ink. Copy B and Copy C of the 1099-PATR can be printed on ordinary paper or on the tissue-like paper the IRS provides.

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.22_1171]
Rating: -1 (from 1 vote)
Facebooktwittergoogle_pluslinkedinby feather

Erich J. Ruth

Erich J. Ruth provides technical support for National Software which is the parent company for 1099FIRE. 1099FIRE develops and markets a comprehensive range of products that enables any size of business or institution to effectively manage and comply with year-end filing requirements. 1099FIRE is an employee-owned company located in Phoenix, Arizona.

If you have any questions or comments about our software, feel free to contact us at any time.

Categories: About Information Returns Tags:
  1. No comments yet.
  1. No trackbacks yet.