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:

  1. The size of recipient’s name field is smaller
  2. Account No. and 2 TIN not is withdrawn
  3. 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.

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