Form 1099 PATR: Cooperative Dividend Payments to Patrons

The IRS 1099 form series reports various types of income, payments and dividends. Form 1099 PATR reports taxable dividends that cooperatives make to their members, known sometimes as patrons. The cooperative, for example an agricultural or retail cooperative, must fill out a 2014 Form 1099 PATR for dividends exceeding $10 that it pays to each member. One copy of the form goes to the IRS, another goes to the recipient of the funds, and the last one is kept for the cooperative’s records.

Cooperatives need to submit Copy A of their 1099 PATR form to the IRS by March 2nd, 2015 and Copy B to the patron by January 31st, 2015. Be aware that it may be more convenient for to fill and eFile the 1099 PATR, as the IRS can only scan physical 1099.PATR forms obtained from a tax office. Here’s a great CPA blog that breaks down exactly what information to enter in each box on Form 1099 PATR.

Click here to get started filling out your 1099 PATR form online using PDFfiller. For more from PDFfiller about tax season, check out our tax tips for other 1099 forms, as well as the most common type, Form 1099 MISC for freelance and contractor payments. And remember that PDFfiller’s online document editing can help significantly cut down on the time you spend filling out your tax forms for the 2015 tax season!