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Restricted stock dividends
January 17, 2022
Q. We paid our directors (non-employees) restricted stock dividends through AP. What 1099 form should this be reported under?
A.
(Answered by Sovos, a 3rd party software, services and education provider offering assistance in tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, Canada, Quebec, Puerto Rico and State Reporting.)
Compensation to directors should be reported on Form 1099-NEC.Research/Analysis:
Generally, restricted stock units and the associated…
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