1099 Patr Form PDF Details

The Form 1099-PATR plays an essential role for individuals partaking in cooperative enterprises, often manifesting the complexities of tax compliance within such unique economic arrangements. This form is critical for reporting the various types of payments individuals receive from cooperatives, including patronage dividends, nonpatronage distributions, and per-unit retain allocations, among others. The importance of accurately reporting these figures cannot be overstated, as they directly impact the tax obligations of the recipient. Furthermore, the form serves a dual purpose by informing recipients of certain credits and deductions, such as the Section 199A(g) deduction and investment credits, which can significantly affect one's tax liability. It also highlights the necessity of caution when dealing with electronic and printed versions of the form, particularly the red Copy A, which is not to be filed and can incur penalties if mishandled. Instructions accompanying the form provide critical guidance on how to incorporate this information into one's tax return, including the implications for basis adjustments in assets and computation of deductions under various sections of the tax code. This informational complexity underscores the form's role not just as a reporting tool, but as a navigational beacon through the tax implications of cooperative engagements.

QuestionAnswer
Form Name1099 Patr Form
Form Length6 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min 30 sec
Other names1099 patr gov, s irs patr download, tax income patr, form taxable distributions

Form Preview Example

ATTENTION:

Copy A of this form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. The official printed version of Copy A of this IRS form is scannable, but the online version of it, printed from this website, is not. Do NOT print and file copy A downloaded from this website; a penalty may be imposed for filing with the IRS information return forms that can’t be scanned. See part O in the current General Instructions for Certain Information Returns, available at www.irs.gov/form1099, for more information about penalties.

Please note that Copy B and other copies of this form, which appear in black, may be downloaded and printed and used to satisfy the requirement to provide the information to the recipient.

To order official IRS information returns, which include a scannable Copy A for filing with the IRS and all other applicable copies of the form, visit www.IRS.gov/orderforms. Click on Employer and Information Returns, and we’ll mail you the forms you request and their instructions, as well as any publications you may order.

Information returns may also be filed electronically using the IRS Filing Information Returns Electronically (FIRE) system (visit www.IRS.gov/FIRE) or the IRS Affordable Care Act Information Returns (AIR) program (visit www.IRS.gov/AIR).

See IRS Publications 1141, 1167, and 1179 for more information about printing these tax forms.

9797

VOID

CORRECTED

PAYER’S name, street address, city or town, state or province, country, ZIP

1 Patronage dividends

 

OMB No. 1545-0118

 

 

Taxable

or foreign postal code, and telephone no.

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

Distributions

 

 

 

2 Nonpatronage distributions

 

 

 

 

 

 

$

 

 

 

 

Received From

 

 

 

3 Per-unit retain allocations

 

 

 

 

 

Cooperatives

 

 

 

$

Form 1099-PATR

 

 

 

PAYER’S TIN

RECIPIENT’S TIN

4 Federal income tax withheld

 

5 Redeemed nonqualified notices

Copy A

 

 

 

$

 

$

 

 

 

For

RECIPIENT’S name

 

 

6 Section 199A(g) deduction

 

7 Qualified payments

 

Internal Revenue

 

 

 

 

 

(Section 199A(b)(7))

 

Service Center

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

File with Form 1096.

 

 

 

$

 

$

 

 

 

 

 

 

 

 

 

 

 

Street address (including apt. no.)

 

 

8 Section 199A(a) qual. items

 

9 Section 199A(a) SSTB items

For Privacy Act

 

 

 

and Paperwork

 

 

 

$

 

$

 

 

 

 

 

 

 

 

 

 

Reduction Act

City or town, state or province, country, and ZIP or foreign postal code

10 Investment credit

11 Work opportunity credit

 

Notice, see the

 

 

 

$

 

$

 

 

 

2021 General

 

 

 

 

 

 

 

Instructions for

Account number (see instructions)

 

2nd TIN not.

12 Other credits and deductions

 

13 Specified Coop

 

 

 

 

Certain Information

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

Returns.

Form 1099-PATR

Cat. No. 14435F

www.irs.gov/Form1099PATR

 

Department of the Treasury - Internal Revenue Service

Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page

CORRECTED (if checked)

PAYER’S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no.

1 Patronage dividends

$

2 Nonpatronage distributions

$

3 Per-unit retain allocations

$

OMB No. 1545-0118

2021

Form 1099-PATR

Taxable

Distributions

Received From

Cooperatives

PAYER’S TIN

RECIPIENT’S TIN

4

Federal income tax withheld

 

5 Redeemed nonqualified notices

 

 

$

 

 

$

 

RECIPIENT’S name

 

6

Section 199A(g) deduction

 

7 Qualified payments

 

 

 

 

 

(Section 199A(b)(7))

 

 

$

 

 

$

 

Street address (including apt. no.)

 

8

Section 199A(a) qual. items

 

9 Section 199A(a) SSTB items

 

 

$

 

 

$

 

City or town, state or province, country, and ZIP or foreign postal code

10

Investment credit

11 Work opportunity credit

 

 

$

 

 

$

 

Account number (see instructions)

 

12

Other credits and deductions

 

13 Specified Coop

 

 

$

 

 

 

 

 

 

 

 

 

 

 

Copy B

For Recipient

This is important tax information and is being furnished to the IRS. If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported.

Form 1099-PATR

(keep for your records)

www.irs.gov/Form1099PATR

Department of the Treasury - Internal Revenue Service

Instructions for Recipient

Distributions you received from a cooperative may be includible in your income. Generally, if you are an individual, report any amounts shown in boxes 1, 2, 3, and 5 as ordinary income, unless nontaxable, on your income tax return. You must report any redemptions in boxes 2 and 5 as ordinary income to the extent of the stated dollar value because they were not taxable when issued to you. Amounts shown in boxes 7, 8, and 9 are information needed to compute your section 199A(a) deduction. See the Instructions for Form 8995 or 8995-A for more information.

Recipient’s taxpayer identification number (TIN). For your protection, this form may show only the last four digits of your TIN. However, the issuer has reported your complete TIN to the IRS.

Account number. May show an account or other unique number the payer assigned to distinguish your account.

Box 1. Shows patronage dividends paid to you during the year in cash, qualified written notices of allocation (at stated dollar value), or other property (not including nonqualified allocations). Any dividends paid on (1) property bought for personal use or (2) capital assets or depreciable property used in your business are not taxable. However, if (2) applies, reduce the basis of the assets by this amount.

Box 2. Shows nonpatronage distributions paid to you during the year in cash, qualified written notices of allocation, or other property, and amounts you received in redemption of nonqualified written notices of allocation from nonpatronage sources.

Box 3. Shows patronage per-unit retain allocations paid to you during the year in cash, qualified per-unit retain certificates, or other property.

Box 4. Shows backup withholding. Generally, a payer must backup withhold if you didn’t furnish your TIN. See Form W-9 and Pub. 505 for more information. Report this amount on your income tax return as tax withheld.

Box 5. Shows amounts you received when you redeemed nonqualified written notices of allocation and nonqualified per-unit retain allocations from patronage sources.

Box 6. Shows your share of the cooperative’s section 199A(g) deduction passed through to you. The amount must have been designated in a written notice sent to you from the cooperative during the section 1382(d) payment period. To claim the deduction, you must not be a C corporation.

Box 7. Shows the amount of qualified payments paid to you on which the cooperative computed its section 199A(g) deduction. If there is an amount in this box and the amount is related to a trade or business for which you are claiming a section 199A(a) deduction, you are required to compute a reduction to your deduction per section 199A(b)(7).

Box 8. Shows items received and reported in boxes 1, 2, 3, and 5 that may qualify as qualified items from trades or businesses that are not a specified service trade or business (SSTB) for purposes of the section 199A(a) deduction. Items relating to SSTBs are reported separately in box 9.

Box 9. Shows amounts received and reported in boxes 1, 2, 3, and 5 from an SSTB that may qualify as qualified items for purposes of the section 199A(a) deduction. Use Form 8995 or 8995-A to determine your section 199A(a) deduction.

Box 10. Shows investment credits passed through to you by the cooperative. Use Form 3468 to compute your allowable credit.

Box 11. Shows work opportunity credits passed through to you. Use Form 5884 or 3800 to compute your allowable credit.

Box 12. Shows other credits and deductions passed through to you. For information on how to report credits, see the instructions for the specific credit form.

Box 13. If this box is checked, the information reported to you is from a specified agricultural or horticultural cooperative, as defined in section 199A(g)(4)(A).

Future developments. For the latest information about developments related to Form 1099-PATR and its instructions, such as legislation enacted after they were published, go to www.irs.gov/Form1099PATR.

FreeFile. Go to www.irs.gov/FreeFile to see if you qualify for no-cost online federal tax preparation, e-filing, and direct deposit or payment options.

VOID

CORRECTED

PAYER’S name, street address, city or town, state or province, country, ZIP

1 Patronage dividends

 

OMB No. 1545-0118

 

 

Taxable

or foreign postal code, and telephone no.

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

Distributions

 

 

 

2 Nonpatronage distributions

 

 

 

 

 

 

$

 

 

 

 

Received From

 

 

 

3 Per-unit retain allocations

 

 

 

 

 

Cooperatives

 

 

 

$

Form 1099-PATR

 

 

 

PAYER’S TIN

RECIPIENT’S TIN

4 Federal income tax withheld

 

5 Redeemed nonqualified notices

Copy C

 

 

 

$

 

$

 

 

 

For Payer

RECIPIENT’S name

 

 

6 Section 199A(g) deduction

 

7 Qualified payments

 

 

 

 

 

 

 

(Section 199A(b)(7))

 

For Privacy Act

 

 

 

$

 

$

 

 

 

 

 

 

 

 

 

 

and Paperwork

Street address (including apt. no.)

 

 

8 Section 199A(a) qual. items

 

9 Section 199A(a) SSTB items

Reduction Act

 

 

 

Notice, see the

 

 

 

$

 

$

 

 

 

 

 

 

 

 

 

 

2021 General

City or town, state or province, country, and ZIP or foreign postal code

10 Investment credit

11 Work opportunity credit

 

Instructions for

 

 

 

$

 

$

 

 

 

Certain Information

 

 

 

 

 

 

 

Returns.

Account number (see instructions)

 

2nd TIN not.

12 Other credits and deductions

 

13 Specified Coop

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

Form 1099-PATR

www.irs.gov/Form1099PATR

 

Department of the Treasury - Internal Revenue Service

Instructions for Payer

To complete Form 1099-PATR, use:

•The 2021 General Instructions for Certain Information Returns, and

•The 2021 Instructions for Form 1099-PATR.

To order these instructions and additional forms, go to www.irs.gov/OrderForms.

Caution: Because paper forms are scanned during processing, you cannot file Forms 1096, 1097, 1098, 1099, 3921, or 5498 that you print from the IRS website.

Due dates. Furnish Copy B of this form to the recipient by January 31, 2022.

File Copy A of this form with the IRS by February 28, 2022. If you file electronically, the due date is March 31,

2022. To file electronically, you must have software that generates a file according to the specifications in Pub. 1220. The IRS does not provide a fill-in form option for Copy A.

Foreign recipient. If the recipient is a nonresident alien, you may have to withhold federal income tax and file Form

1042-S. See the Instructions for Form 1042-S and Pub. 515.

Need help? If you have questions about reporting on Form 1099-PATR, call the information reporting customer service site toll free at 866-455-7438 or 304-263-8700 (not toll free). Persons with a hearing or speech disability with access to TTY/TDD equipment can call 304-579-4827 (not toll free).

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1099 get conclusion process described (portion 1)

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Writing segment 2 in 1099 get

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RECIPIENTS name, Section Aa qual items , and Street address including apt no of 1099 get

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