The Deadline to E-file Form (formType) is March 31, 2025.E-File Now
E-file Form 1099-PATR Online
Prepare and file Form 1099-PATR easily and securely with TaxBandits to report taxable distributions from cooperatives.
A Comprehensive Solution for Form 1099-PATR Filing
- Flexible Data Import Options
- Distribute Recipient Copies by Mail or Online Access
- AI-powered Assistance at Every Step
- World-Class Customer Support
PRO Features Built for Tax Professionals
- Comprehensive Client Management
- Effortless Team Management
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Form 1099-PATR: Key Insights
- Form 1099-PATR, also known as the "Taxable Distributions Received From Cooperatives," is used to report distributions made by cooperatives to their members.
- Cooperatives file Form 1099-PATR to report taxable distributions of $10 or more, including patronage dividends, other distributions, or similar payments made to their members or patrons.
- Form 1099-PATR must be e-filed with the IRS by March 31, 2025, and furnish the recipient copies by January 31, 2025.
Why Choose TaxBandits to E-file Form 1099-PATR?
Discover the exceptional features that make TaxBandits the perfect solution for filing 1099-PATR online.
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Improve your tax filing process and streamline workflows with premium features specifically developed for tax professionals.
Team Management
Improved team management feature that allows inviting unlimited team members, assigning them predefined roles, and delegating 1099-PATR filings for specific clients.
Client Management
A customized portal that reflects your brand identity to empower seamless communication, data exchange and simplifies document sharing with your clients.
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Enhance your team's performance by accessing detailed reports that offer valuable insights into team dynamics and client filings. Utilize comprehensive analytics to make informed decisions.
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Information Required to E-file Form 1099-PATR Online
Payer’s Info
Name, address, and TIN details of the payer.
Recipient Info
Name, address, and TIN of the recipient.
Patronage Distribution Info
This includes,
- Total patronage dividends and nonpatronage distributions
- Redemptions of nonqualified written notices of allocation
- Patron’s share of the total per-unit retain allocations paid in cash
- Qualified payments paid to the patron
- Section 199A (a) qualified or SSTB items
- Section 199A (g) deductions
- Patron share of total investment credit
- Patron share of total work opportunity credit
- Other credits and deductions
Federal Income Tax Withheld
Have all the information ready? Start filing your 1099-PATR forms with TaxBandits today!
How to file Form 1099-PATR Online with TaxBandits?
TaxBandits offers you flexible options to complete 1099-PATR filing. Simply choose your preferred data import method and file with ease.
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Step 1: Select Form 1099-PATR
Select Form 1099-PATR from the dashboard to file for the 2024 tax year.
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Step 2: Enter Form 1099-PATR Information
Enter the required Form 1099-PATR information either manually or by bulk upload option.
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Step 3: Choose Distribution Options
Choose how to deliver recipient copies: postal mail, online access, or advanced distribution (that supports both).
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Step 4: Review and Transmit to the IRS
Review the 1099-PATR form summary and transmit it to the IRS.
We'll email you updates about the status of your forms. You can also track the status directly from your dashboard.
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Step 1: Download the Standard CSV Template
Download the standard CSV template, fill in the 1099-PATR information, and upload the information to complete the 1099-PATR filing.
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Step 2: Review Import Summary
Our system will generate your 1099-PATR based on the imported data. You can review the data and make changes as needed.
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Step 3: Choose Distribution Options
Choose how to deliver recipient copies: Postal Mail, Online Access, or advanced distribution (postal mail+online access).
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Step 4: Review and Transmit to the IRS
Review the form summary and transmit the forms to the IRS.
We'll send you email updates regarding the status of your forms. You can also track the status directly from your Dashboard.
Ready to E-file Form 1099-PATR with the IRS?
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Frequently Asked Questions to File 1099-PATR Online
What is a Form 1099-PATR?
IRS Form 1099-PATR, Taxable Distributions Received from Cooperatives, is issued to each person
- Who has received at least $10 in patronage dividends or other distributions from the cooperative, as described in section 6044(b).
- From whom you withheld any federal income tax under backup withholding rules, regardless of the payment amount.
Who must file Form 1099-PATR?
Cooperatives that have distributed $10 or more to their members or patrons in patronage dividends, other distributions, or similar payments must file Form 1099-PATR.
Common types of cooperatives that provide taxable distributions include:
- Agricultural Cooperatives
- Utility Cooperatives
- Consumer Cooperatives
- Workers' Cooperatives
- Credit Union Cooperatives
When is the deadline to file Form 1099-PATR?
The reporting deadline for filing Form 1099-PATR is as follows, and it is essential to be aware of these dates to ensure compliance with IRS regulations:
- E-filing Deadline - March 31,2025
- Recipient Copy Distribution - January 31,2025
- Paper Filing - February 28,2025
Note: If the deadline falls on a weekend or Federal holiday, it moves to the next business day.
What is the Difference between Members and Patrons?
| Members | Patrons |
|---|---|
| Ownership stake in the Cooperative | May or may not have ownership in Cooperative |
| Member has an voting rights in the cooperative’s governance | Patrons does not have voting rights |
| Actively participate in decision-making processes in cooperative | Only engage in business transaction with the cooperative |
| Receives patronage dividends based on usage | Receives dividends based on the business conducted with the co-op, whether or not they are a member |
How to fill out Form 1099-PATR?
To complete Form 1099-PATR, you will need to enter the relevant information in each box based on the distributions made by your cooperative. Ensure that all amounts are accurately reported, as these distributions are taxable to the recipient. Below is a guide to filling out each section of the form:
Boxes for Payer Information
1. Enter your information like Name, Address, City or Town, State, Postal Code, and Phone Number
2. Enter your TIN (EIN/SSN)
Boxes for Recipient Information
1. Enter your Recipient TIN
2. Enter your Recipient Name
3. Enter your Recipient Address
4. Enter your Recipient City, State, Country, and ZIP code
Boxes for Debt information
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Box 1: Patronage Dividends
Enter the patron’s share of patronage dividends paid in cash or property.
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Box 2: Nonpatronage Distributions
Enter non patronage distributions paid to the patron from non patronage earnings.
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Box 3: Per-Unit Retain Allocations
Enter per-unit retain allocations paid to the patron.
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Box 4: Federal Income Tax Withheld
Enter any federal tax withheld on patronage payments.
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Box 5: Redeemed Nonqualified Notices
Enter redeemed nonqualified notices
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Box 6: Section 199A(g) Deduction
Enter the patron's share of the Section 199A(g) deduction passed through.
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Box 7: Qualified Payments
Enter qualified payments made by agricultural or horticultural cooperatives.
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Box 8: Section 199A(a) Qualified Items
Enter qualified items of income or loss, excluding SSTBs.
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Box 9: Section 199A(a) SSTB Items
Enter items from specified service trades or businesses (SSTBs).
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Box 10: Investment Credit
Enter the patron's share of investment credits.
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Box 11: Work Opportunity Credit
Enter the patron's share of work opportunity credit.
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Box 12: Other Credits and Deductions
Specify any other credits or deductions.
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Box 13: Specified Cooperatives
Check if reporting for a specified agricultural or horticultural cooperative.
What are the exceptions to File Form 1099 PATR?
You are not required to file Form 1099-PATR for payments made to a corporation, a tax-exempt organization including tax-exempt trusts (HSAs, Archer MSAs, and Coverdell ESAs), the United States, a state, a possession, or the
District of Columbia.
For more information visit: https://www.irs.gov/instructions/i1099ptr/index.html
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