Note: The facts and circumstances of each situation will ultimately determine the filing requirements.
Form | Title | What to Report | Amounts to Report |
Report to IRS by: |
Report to Recipient by: |
---|---|---|---|---|---|
W-2 | Wage & Tax Statement | Wages, tips, other compensation, social security, Medicare, withheld income taxes. See Publication 15 for additional info. |
See form instructions. | Only to SSA by January 31 | January 31 |
Certain Gambling Winnings |
Gambling winnings from horse racing, dog racing jai alai, lotteries, keno, bingo, slot machines, etc. | Generally, $600 or more. $1200 or more from bingo or slot machines. $1500 or more from keno. |
February 28 (filed on paper) March 31 (filed electronically) |
January 31 |
|
W-3 | Transmittal of Wage & Tax Statements | Used to transmit Copy A of Forms W-2, Wage & Tax Statement. | Summary of W-2 amounts. | Only to SSA by January 31 | N/A |
945 | Annual Return of Withhold Federal Income Tax | Federal tax withheld on Forms 1099 and W-2G must be reported on Form 945. | All amounts withheld from nonpayroll payments. | January 31 following the tax year (or by Feb. 10, if deposits were timely paid in full for the year). |
N/A |
1096 | Annual Summary & Transmittal of U.S. Information Returns | Used to transmit paper Forms 1098, 1099, 5498, and W-2G. | Summary of Forms 1098, 1099, 5498, and W-2G amounts. | February 28 |
N/A |
1098 | Mortgage Interest Statement | Mortgage interest (including points) received in the course of your trade or business from individuals & reimbursements of overpaid interest. | $600 or more. | February 28 (filed on paper) March 31 (filed electronically) |
To Payer or Borrower by January 31 |
Cancellation of Debt | Cancellation or discharge of a debt owed to a financial institution, Federal Govt, credit union, etc. | $600 or more. | February 28 (filed on paper) March 31 (filed electronically) |
January 31 |
|
DIV |
Dividends & Distributions | Distributions (such as dividends), capital gain distributions, or nontaxable distributions, that were paid on stock & liquidation distributions. | $10 or more, except $600 or more for liquidations. | February 28 (filed on paper) March 31 (filed electronically) |
January 31 |
1099- INT |
Interest Income | Interest Income. | $10 or more ($600 or more in some cases). | February 28 (filed on paper) March 31 (filed electronically) |
January 31 |
1099-MISC | Miscellaneous Income | Gaming prizes and awards, tournaments with no entry fee. | $600 or more | February 28 (filed on paper) March 31 (filed electronically) |
January 31 |
1099-MISC | Miscellaneous Income | Pow Wow prizes, per capita and other gaming distributions to tribal members. | $600 or more | February 28 (filed on paper) March 31 (filed electronically) |
January 31 |
1099-MISC | Miscellaneous Income |
Rent or royalty payments, prizes & awards that are not for services, such as winning on TV or radio shows. |
$600 or more, except $10 or more for royalties. |
February 28 (filed on paper) March 31 (filed electronically) |
January 31 |
1099-MISC | Miscellaneous Income |
Payments to crewmembers by owners or operators of fishing boats, including payments of proceeds from sale of catch. |
All amounts. | February 28 March 31, if filed electronically |
January 31 |
1099-MISC | Miscellaneous Income |
Payments to physicians, physicians' corporation, or other supplier of health & medical services (including drug testing). |
$600 or more. | February 28 (filed on paper) March 31 (filed electronically) |
January 31 |
1099-MISC | Miscellaneous Income |
Substitute dividend & tax-exempt interest payments reportable by brokers. |
$10 or more. |
February 28 (filed on paper) March 31 (filed electronically) |
January 31 |
1099-MISC | Miscellaneous Income |
Crop insurance proceeds. |
$600 or more. | February 28 (filed on paper) March 31 (filed electronically) |
January 31 |
1099-MISC | Miscellaneous Income |
Gross proceeds paid to attorneys. |
All amounts. | February 28 (filed on paper) March 31 (filed electronically) |
January 31 |
1099-NEC | Compensation |
Payments for services performed for a trade Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the business of catching fish Payments to an attorney |
$600 or more. | January 31 (filed on paper and electronically) | January 31 |
1099-R | Distribution from pensions, annuities, retirements, IRAs, etc. | Distributions from retirement or profit-sharing plans, any IRA, or insurance contracts, and IRA recharacterizations. | $10 or more. | February 28 (filed on paper) March 31 (filed electronically) |
January 31 |
1099-S | Proceeds from Real Estate transaction | Gross proceeds from the sales or exchange of real estate. | Generally, $600 or more. | February 28 (filed on paper) March 31 (filed electronically) |
January 31 |
FinCEN Form CTR |
Currency Transaction Report | Each deposit, withdrawal, exchange of currency, or other payment or transfer by, through, or to financial institutions (within one gaming date for casinos). | Over $10,000. | 15 days after date of transaction. | Not required. |
5754 | Statement by Person Receiving Gambling Winnings | Amount of gambling winnings you received for someone else or as a member of a group of winners on the same winning ticket. | Name, taxpayer ID, address, amount won, & winnings from identical wagers for each winner. | N/A. | To be given to payer of winnings. |
8027 | Employer's Annual Information Return of Tip Income & Allocated Tips | Large food and beverage establishments when the employer is required to make annual reports to the IRS on receipts from food or beverage operations and tips reported by employees. | If applicable, form must be completed using the employer's records of tips. | February 28 |
N/A |
8300 | Report of Cash Payments Over $10,000 Received in a Trade or Business | Payment in cash or foreign currency received in one transaction, or two or more related transactions, in the course of a trade or business. Does not apply to those required to file Form 4789; casinos required to file Form 8362; or, generally, transactions outside of the U.S. | Over $10,000 | 15 days after date of transaction | To Payer by January 31 |