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Instructions for Form 1099-DIV 2006 Tax Year

Instructions for Form 1099-DIV - Introductory Material

This is archived information that pertains only to the 2006 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Table of Contents

Exempt-interest dividends.   Section 502 of the Tax Increase Prevention and Reconciliation Act of 2005 has changed section 6049(b) by requiring the reporting of interest on state or local bonds that are tax-exempt under section 103(a). After December 31, 2005, exempt-interest dividends from regulated investment companies will be reported on Form 1099-INT, Interest Income.

Reminder

In addition to these specific instructions, you should also use the 2006 General Instructions for Forms 1099, 1098, 5498, and W-2G. Those general instructions include information about:

  • Backup withholding

  • Magnetic media and electronic reporting requirements

  • Penalties

  • Who must file (nominee/middleman)

  • When and where to file

  • Taxpayer identification numbers

  • Statements to recipients

  • Corrected and void returns

  • Other general topics

You can get the general instructions from the IRS website at www.irs.gov or by calling 1-800-TAX-FORM (1-800-829-3676).

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