Form 1099-CAP

All states | 22 types
Form 1099-CAP Page 1
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Updated Jan 17, 2025
~ 5 pages
266 downloads
The IRS Form 1099-CAP is issued by corporations to report significant changes in control or capital structure that affect shareholders. This form provides details about cash, stock, or other property received as part of these changes. Download this 1099-CAP form in PDF and use the guidelines below to fill it out accurately and confidently.
Choose your type of this legal template.
Document Types
Form 1099
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Form 1099-A
This form reports the acquisition or abandonment of secured property.
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Form 1099-B
This form reports proceeds from the sale of securities or certain barter transactions.
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Form 1099-C
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Form 1099-DIV
This form reports dividends, capital gain distributions, and other investment income.
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Form 1099-G
This form reports taxable payments from government agencies.
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Form 1099-H
This form reports HCTC advance payments for the recipient.
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Form 1099-INT
This form reports interest income to the IRS and payment recipients.
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Form 1099-K
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Form 1099-LS
This form reports the transfer or acquisition of a life insurance contract.
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Form 1099-LTC
This form reports long-term care and accelerated death benefit payments.
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Form 1099-MISC
This form reports an income that is not classified as wages, salaries, or tips.
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Form 1099-NEC
This form reports payments to independent contractors or self-employed individuals.
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Form 1099-OID
This form reports OID income from financial instruments like bonds or notes.
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Form 1099-PATR
This form is used to report taxable distributions or patronage dividends from cooperatives.
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Form 1099-Q
This form reports distributions from education savings programs to the IRS and recipients.
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Form 1099-QA
This form documents distributions from ABLE accounts for tax and eligibility purposes.
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Form 1099-R
This form is used to report retirement and pension distributions to the IRS and recipients.
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Form 1099-S
This form is used to report real estate transaction proceeds.
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Form 1099-SA
This form is used to report distributions from health or medical savings accounts.
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Form 1099-SB
This form is used to report life insurance policy transfers to the IRS and recipients.
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1099-cap

When it comes to financial transactions and the IRS, clearly understanding each form is vital for your financial well-being. One such important form is 1099-CAP, also known as corporate control and capital structure changes. In layman’s terms, this form reports significant changes in control or capital structure that affect a corporation.

Key Situations for Using Form 1099-CAP

  1. When one company merges with another or gets bought out, control of the company changes.

  2. If you receive money, stock, or other items due to changes in the company's financial structure, this is part of the changes happening to the business.

  3. Corporate reorganizations impacting shareholder equity.

  4. Any significant corporate event that alters shareholder investments.

Parties Involved

  • Issuer
    The corporation is undergoing a structural change, such as a merger, acquisition, or reorganization.
  • Recipients
    Shareholders who receive cash, stock, or other property as a result of the corporate change.

Important Terminologies

  • Structural Change
    Refers to significant alterations in a corporation's control or capital structure, often through mergers or acquisitions.
  • Cash, Stock, or Property
    Assets distributed to shareholders due to the structural change must be reported on form 1099 CAP.
  • Reportable Event
    Any major corporate event, like a merger or acquisition, requires reporting to the IRS and informing shareholders with form 1099 CAP.

How To Complete Form 1099-CAP

1. Get the Form

You can get 1099-CAP instructions and form from the IRS website or Lawrina platform or request it from your financial institution.

2. Fill Out the Issuer's Information

  • Put the company's name, address, phone number, and TIN on paper.
  • Add the Recipient's information.
  • Include the name, address, and TIN.


3. Provide Transaction Details

  • Enter the total fair market value of the shares exchanged.
  • Record the amount of cash received by the shareholders.
  • Note the record date (the official date of the transaction).
  • Specify the date when the sale or transaction took place.