About IRS Tax Forms
You will receive forms in the mail either from Calamos Investments or your broker (depending on where your account is held) to help you prepare your taxes. Look below for information about certain forms pertinent to your mutual fund investment.
Forms, publications and instructions are also available for download from the IRS Web site.
IRS Forms
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1099-B
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Proceeds from Broker and Barter Exchange Transactions
IRS Form 1099-B reports proceeds from redemptions and exchanges of mutual fund shares including date of each sale, gross proceeds, income tax withheld, transaction description, number of shares sold and share price of each transaction. Although not a tax form (and not reported to the IRS), you will receive the Average Cost Accounting Statement with your 1099-B. Retirement plan accounts or accounts that have had a change in ownership or control will not receive this additional statement. This statement includes the trade date, number of shares redeemed, redemption price, redemption proceeds, average cost basis and gain (or loss) on each transaction. This statement may help you to report gains and losses to the Internal Revenue Service (IRS) on the sales of mutual fund shares in the current tax year.
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1099-DIV
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Dividends and Distributions
IRS Form 1099-DIV reports income and capital gains distributions (cash or reinvest), as well as qualified dividends, nontaxable distributions, foreign tax credit and withholding, from your taxable mutual fund accounts.
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1099-Q
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Payments from Qualified Educational Programs (Under Sections 529 and 530)
IRS Form 1099-Q reports all distribution activities from a qualified educational program. These can include routine distributions, rollovers and trustee-to-trustee transfers, as well as return of excess contributions.
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1099-R
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Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
IRS Form 1099-R reports distributions from retirement plans, profit-sharing plans or insurance contracts, as well as IRA recharacterizations. It includes the gross distribution amount, taxable amount and withholding information.
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5498
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IRA Contributions Information
IRS Form 5498 reports retirement account contributions, rollovers, Roth IRA conversions, recharacterized contributions, and the fair market value of the account. This includes Traditional IRAs, SEP, Simple and Roth IRAs.
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5498-ESA
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Coverdell Education Savings Account Contributions Information
IRS Form 5498-ESA reports all Coverdell ESA (CESA) contributions and rollovers.
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1042-S
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Foreign Person's U.S. Source Income Subject to Withholding
IRS Form 1042-S reports a nonresident alien's U.S. taxable income, including distributions from Calamos Investments and federal tax withholding.
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W-9
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Request for Taxpayer Identification Number and Certification
IRS Form W-9 requests the taxpayer's identification number and certification.
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IRS Publications
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The IRS Web site offers resources that can help make filing taxes easier. See the publication or form number and name below:
17 - Your Federal Income Tax
505 - Tax Withholding and Estimated Tax
514 - Foreign Tax Credit for Individuals
515 - Withholding of Tax on Nonresident Aliens and Foreign Corporations
519 - U.S. Tax Guide for Aliens
525 - Taxable and Nontaxable Income
529 - Miscellaneous Deductions
550 - Investment Income and Expenses
552 - Recordkeeping for Individuals
560 - Retirement Plans for Small Business (SEP, SIMPLE and Qualified Plans)
564 - Mutual Fund Distributions
570 - Tax Guide for Individuals With Income from U.S. Possessions
575 - Pension and Annuity Income
590 - Individual Retirement Arrangements (IRAs)
929 - Tax Rules for Children and Dependents
970 - Tax Benefits for Higher Education
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None of the information on this Web site should be considered legal or tax advice. You should consult your legal or tax advisor for information concerning your own specific tax situation.