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Form 1099-PATR Irving Texas: What You Should Know

You may receive information about Form 1099-PATR on your return or tax documents. What Is the Income Tax Treatment of 1099-PATR Distributions? Form 1099-PATR is a type of Form 1099, which is sent to you electronically by the IRS. The 1099-PA is a paper form filed by corporations for information they file with the IRS about dividend payments to shareholders for the current tax year. The 1099-PATR is not an “electronic” form, but we do keep it on file for our tax staff, our audit staff, and our field agents. Form 1049-G Form 1049 (General) 1040NR 1040A 1040(A) 1040D 1040B 1040A (General) What is the IRS' Position on the Tax Treatment of 1099-PATR Distributions? The IRS issued Notice 2017-18 regarding the Form 1099-PATR. Notice 2017-18 also states that the IRS no longer considers 1099-PATR distributions as wages. The only circumstances under which a 1099-PATR return has to be filed is when you receive your payment from the cooperative, or when the payment exceeds 10 for each transaction. The IRS also posted a “Special Notice on Distributions from Cooperatives.” Special Notice on Distributions from Cooperatives is an informative post that is a link to the Notice 2017-18, Form 1099-PATR Notice and Instructions. This link provides all the information you need to determine whether the 1099-PATR is the payment you are receiving, if it amounts to more than 10 and to file a Form 1099-PATR, if you do not receive a Form 1099-PATR for certain distributions. In the Notice 2017-18 the IRS stated, “The general rules governing wages, tips, etc. for the calendar year do not include any payments, amounts, or other things that are treated as compensation for the labor of an employee of such a cooperative.” (Emphasis Added) If the 1099-PATR payments are treated as wages and considered compensation for the labor of the employees, the withholding and federal income tax on them should be calculated on Form W-2. See the section, “Wages Paid to Employees,” on Form W-2.

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