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E-file IRS Form 1099-PATR Online for 2022 Tax Year

What is a 1099 PATR?

Form 1099-PATR is an important form that reports the cooperative and business income of taxpayers' tax returns during a particular tax year. Taxpayers would receive Form 1099-PATR if in the previous year were paid at least $10 in patronage dividends and other distributions by a cooperative as described in the Internal Revenue Code (IRS). The IRS requires that all income, deductibles, penalties, or expenses are reported by businesses and individuals.

Distributions from cooperatives passed through to their patrons including any domestic production, activities, deduction, and certain pass-through credits. 1099 PATR forms must be mailed to recipients by February 15th and e-filed with the IRS by March 31st each year.

How to File Form 1099-PATR?

1099 PATR Form
  • Box 1: Patronage Dividends
  • Box 2: Nonpatronage Distributions
  • Box 3: Per-Unit Retain Allocations
  • Box 4: Federal Income Tax Withheld
  • Box 5: Redeemed Nonqualified Notices
  • Box 6: Section 199A(g) Deduction
  • Box 7: Qualified Payments
  • Box 8: Section 199A(a) Qualified Items
  • Box 9: Section 199A(a) SSTB Items
  • Box 10: Investment Credit
  • Box 11: Work Opportunity Credit
  • Box 12: Other Credits and Deductions
  • Box 13: Specified Cooperatives

Information required to file Form 1099-PATR:

  • Taxpayer's (PAYER/RECIPIENT) information
  • Account number
  • Dividends and credit information
  • Deductions

Watch our step-by-step video on How to E-File IRS Form 1099-PATR with Tax2efile

*Patronage dividends and other distributions are reported on Schedule C Form 1040, This form is used to report profits or losses from the business. Schedule F Form 1040 reports profits or losses from Farmers, and Form 4835 is used for Farm Rental Income and Expenses.

Who Must File 1099 PATR?

Cooperatives file form 1099 PATR, for taxable distributions received for each person to whom the cooperative has paid at least $10 in patronage dividends and other distributions described in section 6044 (b) or from whom the filer withheld any federal income tax under the backup withholding rules regardless of the amount of the payment.

1099 PATR Form is often used to

  • Report dividends associated with farms.
  • Show the taxpayer's share of the deduction
  • File federal income tax withheld in connection with a cooperative.

1099-PATR Form obtains three copies of the form the first copy will be for the IRS the second copy is for the recipient and the last copy is for the payer. Tax2efile is equipped to help you handle numerous filing requirements and we will be happy to help you do your filing. We also offer to print and mailing services to complete the process for you.

When is the Deadline to File Form 1099-PATR?

Filing Type Deadline
Recipient copy January 31st
IRS Paper Filing February 28th
IRS Electronic Filing March 31st

Note: If the due date/deadline falls on a Saturday, Sunday, or federal holiday, the filer will need to E-file on the next business day.

Still have questions?

Form 1099-PATR is used for distribution you received from a cooperative.

Details that are required to file Form 1099-PATR are: Names, TINs, or any amounts as well as Addresses of both filer and Recipient

Yes, Tax2efile offers a bulk upload feature that allows the user to upload all the Recipient to an excel sheet for a faster process.

Yes, Tax2efile offers printing and mailing service! Our dedicated team will print and mail out each form you filed

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

Tax2efile allows you to correct a mistake to the Payees’ information for TINs, Names & amounts.

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

The IRS requires Form 1099-PATR 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.

The penalty can be from $50 per 1099 form, the maximum penalty can be up to $194,000. The penalty increases to $100 per 1099 form if you submit more than 30 days after the due date, but by August 1; the maximum penalty is $556,500. If you file after August 1, the penalty increases to $280 per 1099 form, with a maximum of $3,392,000. Additionally, there are penalties for failure to furnish the payee statement.

If you have more questions, please refer to our FAQ page.

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