You must get an IP PIN to file your current or prior year returns in 2015 if: 1  You received a CP01A Notice with your new IP PIN and you lost it, or. 2  You had an IP PIN in a prior tax year and you didnât receive a new one this year, or.
Royalty Payment to a Nonresident Alien. A royalty is income derived from the use of the taxpayer's property. A royalty payment must relate to the use of a valuable right. According to the IRS, tax must be withheld on the payment of royalties from sources in the United States.
Federal Income Taxes for Mineral & Royalty Owners. If you have producing mineral & royalty interests, you should have received your 1099s in early February. 1099s are required by law to be mailed by the end of January each year. Keep all 1099s for your records and be sure the income is included on your tax return.