Box 8. Substitute payments in lieu of dividends or interest.
For 2003, the exemption from reporting substitute payments in lieu of dividends (box 8) of at least $10 that are received
by a broker for an
individual has been eliminated. See the instructions for box 8 on page MISC-6.
In addition to these specific instructions, you should also use the 2003 General Instructions for Forms 1099, 1098, 5498, and W-2G.
Those general instructions include information about:
- Backup withholding
- Magnetic media and electronic reporting requirements
- Penalties
- Who must file (nominee/middleman)
- When and where to file
- Taxpayer identification numbers
- Statements to recipients
- Corrected and void returns
- Other general topics
You can get the general instructions from the IRS Web Site at www.irs.gov or by calling 1-800-TAX-FORM (1-800-829-3676).