A Guide to Information Returns
An information return is a tax document businesses are required to file to report certain business transactions to the Internal Revenue Service (IRS). The requirement to file Information Returns is mandated by the Internal Revenue Service and associated regulations.
Who must file Information Returns?
Any person, including a corporation, partnership, individual, estate, and trust, who make reportable transactions during the calendar year must file information returns to report those transactions to the IRS. Persons required to file Information Returns to the IRS must also furnish statements to the recipients of the income. Filers who have 250 or more must file these returns electronically.
In the below table you can access the link for each Form to find out the specific purpose for the From and the most common payment types reported on each Form. However, it is not a complete list of all payments types and the absence of a payment from the list does not indicate that the payment is not reportable. For information on a specific type of payment, see the separate instructions for the form(s) listed.
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Information Returns & Payment Types Reported |
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|---|---|---|---|---|---|---|
| 1042-S |
1099-OID |
5498 |
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| 1098 |
1099-DIV |
1099-PATR |
5498-ESA |
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| 1098-C |
1099-G |
1099-Q |
5498-SA |
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| 1098-E |
1099-H |
1099-R |
W-2G |
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| 1098-T |
1099-INT |
1099-S |
W-2 |
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| 1099-A |
1099-K |
1099-SA |
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| 1099-B |
1099-LTC |
3921 |
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| 1099-C |
1099-MISC |
3922 |
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