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Form 1099-DIV for Burbank California: What You Should Know
Form 1099-DIV is generally not required to be filed if the amount is less than 10.00; however, this depends on the payer and may be determined by your employer. If you have received a Notice and Pay statement indicating a payment of at least 10.00, a Form 1099-DIV may be required. Form 1099-DIV is also used to withhold Federal and State tax from your Social Security payments. When you receive a 1099-DIV you may need to provide information to the payer to update their records so that the 1099 can be sent to the proper authorities. You may be required to provide proof of Social Security benefits before you receive a 1099-DIV.
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