Get IRS 1099-DIV 2012

Enter the ordinary dividends from box 1a on Form 1099-DIV, Dividends and Distributions on line 3b of Form 1040, U.S. Individual Income Tax Return. Enter any qualified dividends from box 1b on Form 1099-DIV on line 3a of Form 1040.

Ordinary dividends are reported on Line 3b of your Form 1040. Qualified dividends are reported on Line 3a of your Form 1040. ... Non-dividend distributions reduce your cost basis in the stock by the amount of the distribution.

All dividends are taxable and all dividend income must be reported. ... If you don't receive either form, but you did receive dividends in any amount, then you should still report your dividend income on your tax return. Dividends reinvested to purchase stock are still taxable.

For the 2018 tax year, which is what you file in early 2019, the federal income tax rates range from 10% to 37% (down slightly after being 10% to 39.6% in 2017). ... If you have between $38,600 and $425,800 of ordinary income, then you will pay a tax rate of 15% on qualified dividends. The rate for $425,801 or more is 20%.

A qualified dividend is taxed at the capital gains tax rate, while ordinary dividends are taxed at standard federal income tax rates. Qualified dividends must meet special requirements put in place by the IRS.

Taxpayers file each Form 1099-DIV either on a Schedule B form or directly on Form 1040.

You'll need at least $10 in earnings You'll get a 1099-DIV each year you receive a dividend distribution, capital gains distribution, or foreign taxes paid for your taxable investments. But if the amount is less than $10 for the year, no 1099-DIV is sent.

Reporting Requirements Keep in mind that you must report all dividends received on your taxes, but the company that paid dividends doesn't have to send you a 1099-DIV unless you received more than $10 that year. In other words, maintain a record of how much you earned in case you don't receive a 1099-DIV.

Form 1099-MISC aggregates payments made to you for services you performed. Form 1099-INT, also referred to as the interest statement, lists interest paid to you. Form 1099-DIV provides information on dividends paid to you.

You aren't taxed on dividends and capital gains you receive each year on holdings in such accounts. Though you don't have to file the 1099 DIV form with the IRS, the 1099 DIV form(s) you receive may require you to prepare and file a Schedule B with your return.

You'll get a 1099-DIV each year you receive a dividend distribution, capital gains distribution, or foreign taxes paid for your taxable investments. But if the amount is less than $10 for the year, no 1099-DIV is sent.

A common reason for receiving a 1099-DIV form is because some of the stocks you own pay dividends, or a mutual fund you invest in made a capital gains distribution to you during the year.

Before you send a 1099-MISC to anyone, you must have a W-9 form completed for that person. The purpose of Form W-9 is to verify the person's tax identification number. For an individual, the taxpayer ID might be a social security number.

Document #1 - W-9 Form You must have a W-9 on file for each independent contractor so that you don't have to withhold income taxes from that individual. Then, you have the information to create a 1099-MISC form for that person for the tax year (similar to a W-2 form for employees).

Requesting a W-9 When it comes time to report all payments you make to the independent contractor on a 1099 form, you will need the information on the W-9. It's only necessary to issue a 1099 if you pay the independent contractor $600 or more during the tax year. If you do, you must send the 1099 to the IRS as well.