IRS Changes 1099-DIV
This year the 1099-DIV form, which is used by banks to report dividends and other distributions to both taxpayers and the IRS. A few changes have been made to the forms layout so some commercial software may have a few issues this year around. These changes include:
- The size of recipient’s name field is smaller
- Account No. and 2 TIN not is withdrawn
- Increased field size for City or Town
Also, remember that each year revisions have been made to the 1099-div form and various others that warrant reading about.
If you would like to see the history of revisions to date visit: http://apps.irs.gov/app/picklist/list/priorFormPublication.html?resultsPerPage=200&sortColumn=sortOrder&indexOfFirstRow=0&criteria=formNumber&value=1099-DIV&isDescending=false
For more details and for all other information pertaining to 1099-Div see: http://www.irs.gov/uac/Form-1099-DIV,-Dividends-and-Distributions.