Common use of Prescribed Form Clause in Contracts

Prescribed Form. The prescribed form for the statement required by this section is Form 1099. In the case of any reportable interest or dividend pay- ment as defined in section 3406(b)(2), the prescribed form is the Form 1099 re- quired in § 1.6042–4 of this chapter (re- lating to payments of dividends), § 1. 6044–5 of this chapter (relating to payments of patronage dividends), or § 1. 6049–6(e) of this chapter (relating to payments of interest or original issue discount). Statements required to be furnished by this section will be treat- ed as statements required by the re- spective sections with respect to any reportable payment, except that the statement required under this section must include the amount of tax with- held under section 3406. In no event will a statement be required under this section if a statement with the same information is required to be furnished to the recipient under another section.