General Instructions for Certain Information Returns (Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G)

• Issuer: Treasury Department
• Section: Treasury Department

Userid: CPM Schema:

instrx

Leadpct: 100% Pt. size: 10 Draft Ok to Print

AH XSL/XML Fileid: … 099general/2024/a/xml/cycle04/source (Init. & Date) _______

Page 1 of 31 13:27 - 26-Jan-2024

The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

2024

General Instructions for

Certain Information Returns

(Forms 1096, 1097, 1098, 1099, 3921, 3922, 5498, and W-2G)

Department of the Treasury

Internal Revenue Service

Section references are to the Internal Revenue Code

unless otherwise noted.

Contents Page

What’s New ............................... 1

Future Developments ........................ 1

Reminders ................................ 1

Items You Should Note ....................... 2

Guide to Information Returns ................... 2

A. Who Must File ........................... 2

B. Other Information Returns ................... 6

C. When To File ............................ 6

D. Where To File ............................ 7

E. Filing Returns With the IRS .................. 7

F. Electronic Reporting ....................... 8

G. Paper Document Reporting .................. 9

H. Corrected Returns on Paper Forms ........... 10

I. Void Returns ............................ 11

J. Recipient Names and Taxpayer Identification

Numbers (TINs) ........................ 13

K. Filer's Name, Taxpayer Identification Number

(TIN), and Address ...................... 14

L. Account Number Box on Forms .............. 14

M. Statements to Recipients (Beneficiaries,

Borrowers, Debtors, Donors, Employees,

Insureds, Participants, Payment or Credit

Recipients, Payers, Policyholders, Sellers,

Shareholders, Students, Transferors, or

Winners on Certain Forms) ................ 15

N. Backup Withholding ...................... 18

O. Penalties .............................. 19

P. Payments to Corporations and Partnerships ..... 21

Q. Earnings on Any IRA, Coverdell ESA, ABLE

Account, Archer MSA, or HSA .............. 21

R. Certain Grantor Trusts ..................... 21

S. Special Rules for Reporting Payments Made

Through Foreign Intermediaries and Foreign

Flow-Through Entities on Form 1099 ......... 21

T. How To Get Tax Help ...................... 23

Privacy Act and Paperwork Reduction Act Notice ... 24

Guide to Information Returns ................. 26

Index ................................... 31

What’s New

E-filing returns. The Taxpayer First Act of 2019

authorized the Department of the Treasury and the IRS to

issue regulations that reduce the 250-return e-file

threshold. T.D. 9972, published February 23, 2023,

lowered the e-file threshold to 10 (calculated by

aggregating all information returns), effective for

information returns required to be filed on or after January

1, 2024. Go to IRS.gov/InfoReturn for e-file options.

Future Developments

For the latest information about developments related to

the General Instructions for Certain Information Returns

after they were published, go to General Instructions for

Certain Information Returns at IRS.gov/

1099GeneralInstructions.

Reminders

Information Reporting Intake System (IRIS). The IRS

has developed IRIS, an online portal that allows taxpayers

to electronically file (e-file) information returns after

December 31, 2022, for 2022 and later tax years. IRIS is a

free service. See part F or go to IRS.gov/IRIS for

additional information and updates.

Where to send extension of time to furnish state-

ments to recipients. An extension of time to furnish the

statements is now a fax-only submission. See Extension

of time to furnish statements to recipients, later, for more

information.

Due date for certain statements sent to recipients.

The due date for furnishing statements to recipients for

Forms 1099-B, 1099-S, and 1099-MISC (if amounts are

reported in boxes 8 or 10) is February 17, 2025. This also

applies to statements furnished as part of a consolidated

reporting statement. See the Guide to Information Returns

for due dates for all returns.

E-file. E-filers are reminded that using the FIRE System

requires following the specifications contained in Pub.

1220. IRIS users should follow the specifications in Pub.

5717, IRIS Taxpayer Portal User Guide. Also, the IRS

does not provide a fill-in form option for most forms

required to be filed with the IRS covered by these

instructions; however, see Online fillable forms in part E,

later. See part F for information on e-file.

Online fillable forms Copies 1, B, 2, C, and D. Copies

1, B, 2, C, and D, as applicable, to be furnished to

recipients and kept in filers’ records, have been made

fillable online at IRS.gov for many forms referenced in

these instructions. See the separate instructions for Forms

1098, 1098-E&T, 1098-F, 1098-Q, 1099-A&C, 1099-B,

1099-DIV, 1099-G, 1099-INT&OID, 1099-K, 1099-LS,

1099-MISC&NEC, 1099-PATR, 1099-R&5498, 1099-S,

1099-SB, and 3921.

Payee. Throughout these instructions, the term “payee”

means the person with respect to whom Forms 1097,

1098, 1099, 3921, 3922, 5498, or W-2G are required to be

Jan 26, 2024 Cat. No. 27976F

Page 2 of 31 Fileid: … 099general/2024/a/xml/cycle04/source 13:27 - 26-Jan-2024

The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

filed, including beneficiaries, borrowers, debtors, donors,

employees, insureds, participants, payment or credit

recipients, policyholders, sellers, shareholders, students,

transferors, and winners.

Items You Should Note

Photographs of Missing Children

The Internal Revenue Service is a proud partner with the

National Center for Missing & Exploited Children®

(NCMEC). Photographs of missing children selected by

the Center may appear in instructions on pages that would

otherwise be blank. You can help bring these children

home by looking at the photographs and calling

1-800-THE-LOST (1-800-843-5678) if you recognize a

child.

Available Instructions

In addition to these general instructions, which contain

general information concerning Forms 1096, 1097, 1098,

1099, 3921, 3922, 5498, and W-2G, we provide specific

form instructions separately. Get the instructions you need

for completing a specific form from the following list of

separate instructions.

•Instructions for Form 1097-BTC.

•Instructions for Form 1098.

•Instructions for Form 1098-C.

•Instructions for Forms 1098-E and 1098-T.

•Instructions for Form 1098-F.

•Instructions for Form 1098-Q.

•Instructions for Forms 1099-A and 1099-C.

•Instructions for Form 1099-B.

•Instructions for Form 1099-CAP.

•Instructions for Form 1099-DIV.

•Instructions for Form 1099-G.

•Instructions for Form 1099-H.

•Instructions for Forms 1099-INT and 1099-OID.

•Instructions for Form 1099-K.

•Instructions for Form 1099-LS.

•Instructions for Form 1099-LTC.

•Instructions for Forms 1099-MISC and 1099-NEC.

•Instructions for Form 1099-PATR.

•Instructions for Form 1099-Q.

•Instructions for Forms 1099-QA and 5498-QA.

•Instructions for Forms 1099-R and 5498.

•Instructions for Form 1099-S.

•Instructions for Forms 1099-SA and 5498-SA.

•Instructions for Form 1099-SB.

•Instructions for Forms 3921 and 3922.

•Instructions for Form 5498-ESA.

•Instructions for Forms W-2G and 5754.

You can also obtain the latest developments for each of

the forms and instructions listed here by visiting their

information pages at IRS.gov. See the separate

instructions for each form on the webpage via the link.

See How To Get Forms, Publications, and Other

Assistance, later.

Guide to Information Returns

See the chart, later, for a brief summary of information

return reporting rules.

Use Form 1096 To Send Paper Forms to the IRS

You must send Copies A of all paper Forms 1097, 1098,

1099, 3921, 3922, 5498, and W-2G to the IRS with Form

1096, Annual Summary and Transmittal of U.S.

Information Returns. Instructions for completing Form

1096 are contained on Form 1096. Also see part E.

Reporting Backup Withholding on Forms 1099

and W-2G

If you backup withhold on a payment, you must file the

appropriate Form 1099 or Form W-2G with the IRS and

furnish a statement to the recipient to report the amount of

the payment and the amount withheld. This applies even

though the amount of the payment may be below the

normal threshold for filing Form 1099 or Form W-2G. For

how to report backup withholding, see part N.

Substitute Statements to Recipients

If you are using a substitute form to furnish information

statements to recipients (generally Copy B), be sure your

substitute statements comply with the rules in Pub. 1179.

Pub. 1179, which is revised annually, explains the

requirements for format and content of substitute

statements to recipients. See part M for additional

information.

Taxpayer Identification Number (TIN) Matching

TIN Matching allows a payer or authorized agent who is

required to file Forms 1099-B, DIV, G, INT, K, MISC, NEC,

OID, and/or PATR, which report income subject to backup

withholding, to match TIN and name combinations with

IRS records before submitting the forms to the IRS. TIN

Matching is one of the e-services products that is offered

and is accessible through the IRS website. For program

guidelines, see Pub. 2108-A, or go to IRS.gov and enter

keyword “TIN Matching” in the upper right corner. It is

anticipated that payers who validate the TIN and name

combinations before filing information returns will receive

fewer backup withholding (CP2100) notices and penalty

notices. E-services technical support is available by

calling 866-255-0654.

A. Who Must File

See the separate specific instructions for each form.

Nominee/middleman returns. Generally, if you receive

a Form 1099 for amounts that actually belong to another

person, you are considered a nominee recipient. You must

file a Form 1099 with the IRS (the same type of Form 1099

you received) for each of the other owners showing the

amounts allocable to each. You must also furnish a Form

1099 to each of the other owners. File the new Form 1099

with Form 1096 with the IRS Submission Processing

Center for your area. On each new Form 1099, list yourself

as the “payer” and the other owner as the “recipient.” On

Form 1096, list yourself as the “Filer.” A spouse is not

required to file a nominee return to show amounts owned

by the other spouse. The nominee, not the original payer,

is responsible for filing the subsequent Forms 1099 to

show the amount allocable to each owner.

Successor/predecessor reporting. A successor

business entity (a corporation, partnership, or sole

2Gen. Instr. for Certain Info. Returns (2024)