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
