Chart - Filing Requirements and Information Reporting Applicable to Distributions

 

Form Title Subject Area Dollar
Threshold
Due Date
to IRS
Due
Date
to Payee
1042  Annual Withholding Tax Return for US Source Income of Foreign Persons Tax withheld of certain income of nonresident aliens, foreign partnerships, foreign corporations, and nonresident alien or foreign fiduciaries of estates or trusts, and to transmit paper Forms 1042-S All
amounts
March
15
N/A 
1042-S  Foreign Person's US 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
March
15
March
15 
1096  Annual Summary and Transmittal of US Information Return Used to transmit paper Forms 1099, 1098, 5498, and W-2G  Uses information taken from Forms 1099, 1098, 5498 & W2-G February
28
N/A 
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 or Borrower by January 31
1099-C  Cancellation of Debt  Cancellation or discharge of a debt owed to a financial institution, the Federal Govt., credit union, etc. or any organization in a significant trade or business of which is lending money  $600 or more February
28
January
31
1099-
DIV
Dividends and Distributions  Distribution, such as dividends, capital gain distributions, or nontaxable distribution, that were paid on stock and liquidation distributions  $10 or more, except $600 or more for liquidations February
28
January
31
1099-
INT 
Interest Income  Interest income  $10 or more
($600 or more in some cases)
February
28
January
31 
1099-
MISC
Miscellaneous Income  Rent or royalty payments; prizes and awards that are not for services (winning on TV or radio shows)  $600 or more, except $10 or more royalties February
28
January
31
  Payments to crewmembers by owners or operators of fishing boats including payments of proceeds from sale of catch All amounts  
  Payments for services performed for a trade or business by people not treated as its employees.  For example, fees to subcontractors or directors $600 or more  
  Payments to physicians, physicians’ corporation, or other supplier of health and medical services.  Issued mainly by medical assistance programs or health and accident insurance plans $600 or more  
  Fish purchases for cash $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-R  Distribution 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