🏢📅 March 31, 2025 – IRS Electronic Filing Deadline for Corporations

Corporations and financial institutions must file electronically by March 31, 2025, if they are required to report changes in ownership or payments of dividends and similar distributions.
The paper filing deadline was February 28, 2025.

These forms help shareholders and the IRS track capital gains, dividend income, and changes in ownership that may impact taxes.

🧾 Form 1099-CAP – Changes in Corporate Control and Capital Structure

🔍 What is it?

Used to report when a corporation undergoes a significant change in control or capital structure that results in shareholders receiving cash, stock, or other property.

🏢 Who files it?

• The corporation, its agent, or a broker involved in the transaction.

📥 What information does it include?

• Shareholder’s information

• Description of the corporate event

• Amount of cash, stock, or property received

• Date of transaction

💡 Why it matters:

Shareholders may need to report capital gains or losses if they receive distributions due to a merger, acquisition, or similar event.
This form ensures the IRS is aware of such events and their potential tax consequences for shareholders.

🧾 Form 1099-DIV – Dividends and Distributions

🔍 What is it?

Used to report dividends and other distributions totaling $10 or more paid to shareholders.

🏢 Who files it?

• Corporations, mutual funds, and financial institutions that pay dividends or capital gains distributions.

📥 What information does it include?

• Total ordinary dividends

• Qualified dividends

• Capital gain distributions

• Federal income tax withheld (if any)

• Section 199A dividends (for pass-through income reporting)

💡 Why it matters:

Taxpayers must report this investment income on their tax returns.
The IRS uses this form to track and match dividend income reported by taxpayers.