what is form 1099 div dividends and distributions 
the term form 1099 div dividends and distributions refers to an internal revenue service irs form sent by banks and other financial institutions to investors who receive dividends and distributions from any type of investment during a calendar year investors can receive multiple 1099 divs each 1099 div form should be reported on an investor s tax filing investors typically will not receive a 1099 div form if cumulative dividends are not greater than 10 1who can file form 1099 div dividends and distributions companies provide a copy of the form to the investor and to the irs banks investment companies and other financial institutions are required to provide taxpayers with a 1099 div by january 31 each year 4the form includes the recipient s name address and social security number ssn it also has the payer s name address identification number and plan number the right side of the form outlines some of the important figures the recipient will need including the total ordinary dividends qualified dividends and total capital gain distribution most investors who receive a form 1099 div will have ordinary dividends qualified dividends or total capital gains other categories for investors include investors may also be subject to foreign account tax compliance act fatca filing requirements for foreign accounts this is a law that requires u s citizens both in the country and abroad to file reports on foreign account holdings these account holdings must be reported in u s dollars 35certain types of investment accounts are exempt from issuing a form 1099 div exempt accounts include individual retirement accounts iras money purchase pension plans profit sharing plans and various retirement accounts 6