E-File Your IRS Form 1099-CAP Quickly

Using our fast electronic service, you can complete your filing within 5 minutes.

To file Form 1099-CAP for a single return the filing fee is $3.25.

The IRS requires Form 1099-CAP to be submitted by February 28 through the mail and by March 31 if you file the form electronically however, recipients’ copy should be mailed by January 31.

Failure to file the 1099 form by the deadline may result in IRS penalties. The penalty can be from $60 per 1099 Form, the maximum penalty can be up to $630,500. If you submit Form more than 31 days to before August 1, the penalty increases to $120 per 1099 Form and maximum penalty up to $1,891,500. If you file after August 1, the penalty can be from $310 per 1099 Form and maximum penalty up to $3,783,000. Additionally, there are penalties for failure to furnish the payee statement.

Form 1099-CAP is typically furnished to shareholders who receive cash, stock, or property due to certain corporate transactions. However, not every shareholder may receive this form. It is issued in specific situations such as acquisitions of control or substantial changes in capital structure. Shareholders should review their transactions and consult tax professionals to determine if they qualify for Form 1099-CAP.

Shareholders may receive Form 1099-CAP from the corporation involved in the relevant transaction. If you haven't received the form, it's recommended to contact the corporation's representative or your tax advisor for assistance. Additionally, consider checking the IRS website for downloadable versions of the form.