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Reporting Dividends Between Domestic and Foreign Entities: 1099-DIV vs. 1042-S Guidance
January 9, 2025
Q. In 2024 we paid dividends to two of our other company entities. The first amount was paid between our two U.S. entities, would that be reported on a 1099DIV? The second amount was paid from our U.S. entity to our entity located in The Netherlands, would that be reported on a 1042S?
A.
(Answered by IOFM's third-party tax expert)
For the dividends paid to the U.S. entities: you do not need to report on 1099-DIV if the dividends are paid to a corporation. If the receiving business is something…
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