This version of the form is not currently in use and is provided for reference only. Download this version of Instructions for IRS Form 1099-PATR for the current year.
This document contains official instructions for IRS Form 1099-PATR , Taxable Distributions Received From Cooperatives - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 1099-PATR is available for download through this link.
Q: What is IRS Form 1099-PATR?
A: IRS Form 1099-PATR is used to report taxable distributions received from cooperatives.
Q: Who should file IRS Form 1099-PATR?
A: Cooperatives should file this form to report taxable distributions made to patrons.
Q: What are taxable distributions from cooperatives?
A: Taxable distributions from cooperatives are amounts paid to patrons that are subject to income tax.
Q: Do I need to include Form 1099-PATR with my income tax return?
A: You don't need to submit Form 1099-PATR with your income tax return. Keep it for your records.
Q: What information is required to complete IRS Form 1099-PATR?
A: You will need to provide information such as the recipient's name, address, TIN, and the amount of taxable distributions.
Q: What is the deadline to file IRS Form 1099-PATR?
A: The deadline to file Form 1099-PATR with the IRS is typically January 31st.
Q: Are there any penalties for not filing Form 1099-PATR?
A: Yes, there can be penalties for not filing or for filing incorrect Form 1099-PATR. It's important to file accurately and on time.
Q: Do I need to send a copy of Form 1099-PATR to the recipient?
A: Yes, you must provide a copy of Form 1099-PATR to the recipient by January 31st.
Instruction Details:
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