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 1099 software > Learning Center > Guide to Information Returns

Guide to Information Returns

An Information Return Guide is provided with a list of all the information returns and what is reported on them. 250 or more of any one type of these forms require electronic or magnetic media filing with IRS.

Form Title What to Report Amounts to Report Due Date to IRS Due Date to Recipient (unless indicated otherwise)
1042-S Foreign Person's U.S. Source Income Subject to Withholding Payments subject to withholding under Chapter 3 of the Code, including interest, dividends, royalties, pensions and annuities, gambling winnings, and compensation for personal services. All amounts, except $10 or more for interest on U.S. deposits paid to Canadian nonresident aliens. March 15 March 15
1098 Mortgage Interest Statement Mortgage interest (including points) you received in the course of your trade or business from individuals and reimbursements of overpaid interest. $600 or more February 28 (To Payer/Borrower) January 31
1098-E Student Loan Interest Statement Student loan interest received in the course of your trade or business. $600 or more February 28 January 31
1098-T Tuition Payments Statement Qualified tuition and related expenses, reimbursements or refunds, and scholarships or grants (optional). See instructions February 28 January 31
1099-A Acquisition or Abandonment of Secured Property Information about the acquisition or abandonment of property that is security for a debt for which you are lender. All amounts February 28 (To borrower) January 31
1099-B Proceeds from Broker and Barter Exchange Transactions Sales or redemptions of securities, futures transactions, commodities, and barter exchange transactions. All amounts February 28 January 31
1099-C Cancellation of Debt Cancellation of a debt owed to a financial institution, the Federal government, a credit union, RTC, FDIC, NCUA, a military department, the U.S. Postal Service, the Postal Rate Commission, or any organization having a significant trade or business of lending money. $600 or more February 28 January 31
1099-Div Dividends and Distributions Distributions, such as dividends, captial gain distributions, or nontaxable distributions, that were paid on stock, and liquidation distributions. $10 or more, except $600 or more for liquidations February 28 January 31
1099-G Certain Government and Qualified State Tuition Program Payments Unemployment compensation, state and local income tax refunds, agricultural payments, taxable grants, and earnings from a qualified state tuition program (QSTP). Any amount for a QSTP; $10 or more for refunds and unemployment; $600 or more for all others. February 28 January 31
1099-INT Interest Income Interest Income. $10 or more ($600 or more in some cases) February 28 January 31
1099-LTC Long Term Care and Accelerated Death Benefits Payments under a long term care insurance contract and accelerated death benefits paid under a life insurance contract or by a viatical settlement provider. All amounts February 28 January 31
1099-MISC Miscellaneous Income (Also, use this form to report the occurrence of direct sales of $5000 or more of consumer goods for resale.) Rent or royalty payments; prizes or awards that are not for services, such as winnings on TV or radio shows. $600 or more, except $10 or more for royalities February 28 January 31
Payments to crew-members by owners or operators of fishing boats including payments of proceed from sale of catch. All amounts
Payments to a physician, physician's corporation, or other supplier of health or medical services. Issued mainly by medical assistance programs or health and accident insurance plans. $600 or more
Payments for services performed for a trade or business by people not treated as its employees. Example: fees to subcontractors or directors, and golden parachute payments. $600 or more
Fish purchases paid in cash for resale. $600 or more
Substitute dividend and tax-exempt interest payments reportable by brokers $10 or more
Crop Insurance proceeds $600 or more
Gross Proceeds paid to attorneys All amounts
1099-MSA Distributions From an MSA or Medicare+Choice MSA Distributions from a medical savings account (MSA) or Medicare+Choice MSA All amounts February 28 January 31
1099-OID Original Issue Discount Original Issue Discount $10 or more February 28 January 31
1099-PATR Taxable Distributions Received From Cooperatives Distributions from cooperatives to their patrons. $10 or more February 28 January 31
1099-R Distributions From Pensions, Annuities, Retirement or profit-sharing Plans, IRAs, Insurance Contracts, Etc. Distributions from retirement or profit-sharing plans, any IRA, or insurance contracts, and IRA recharacterizations. $10 or more February 28 January 31
1099-S Proceeds From Real Estate Transactions Gross proceeds from the sale or exchange of real estate Generally, $600 or more February 28 January 31
4789 Currency Transaction Report Each deposit withdrawal, exchange or currency, or other payment or transfer by, through, or to financial institutions (other than casinos) Over $10,000 15 days after date of transaction  
5471 Information Return of U.S. Persons With Respect To Certain Foreign Corporations U.S. Persons who are officers, directors, or shareholders in certain foreign corporations report information required by sections 6035, 6038, and 6046 and to compute income from controlled foreign corporations under sections 951-964. See form instructions Due date of income tax return None
5472 Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business Transactions between a 25% foreign-owned domestic corporation or a foreign corporation engaged in a trade or business in the United States and a related party as required by sections 6038A and 6038C. See form instructions Due date of income tax return None
5498 IRA Contribution Information Contributions (including rollover contributions) to any Individual retirement arrangement (IRA) including SEP, SIMPLE, Roth IRA, and Ed IRA; Roth conversions; IRA recharacterizations; and the fair market value of the account. All amounts May 31 (To Participant) For value of account and for education IRA contributions, January 31; for all other contributions, May 31
5498-MSA MSA or Medicare+Choice MSA Information Contributions to a medical savings account (MSA) and the fair market value of an MSA or Medicare+Choice MSA. All amounts May 31 (To Participant) May 31
8027 Employer's Annual Information Return of Tip Income and Allocated Tips Receipts from large food or beverage operations, tips reported by employees, and allocated tips See separate instructions Last day of February Allocated tips are shown on Form W-2, due January 31
8308 Report of a Sale or Exchange of Certain Partnership Interests Sale or exchange of a partnership interest involving unrealized receivables or inventory items. (Transaction only) Generally attach to Form 1065 or 1065-B (To Transferor and Transferee) January 31
W-2G Certain Gambling Winnings Gambling winnings from horse racing, dog racing, jai alai, lotteries, keno, bingo, slot machings, sweepstakes, wagering pools, etc. Generally, $600 or more; $1,200 or more from bingo or slot machines; $1,500 or more from keno February 28 January 31
926 Return by a U.S. Transferor of Property to a Foreign Corporation Transfers of property to a foreign corporation and to report information under section 6038B. See form instructions Attach to tax return None
W-2 Wage and Tax Statement Wages, tips, other compensation; social security, Medicare, withheld income taxes; and advance earned income credit (EIC) payments. Include bonuses, vacation allowances, severance pay, certain moving expense payments, some kinds of travel allowances, and third-party payments of sick pay. See separate Instructions To SSA
Last day of February
January 31

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