"Form 1099-Q" is an IRS form used to report disbursements from a Coverdell Education Savings Account (ESA). The financial institution sends the form to the IRS, which contains the disbursement information of the person who received the payments. If the payments in a given tax year exceed the qualified education expenses for that year, the person owes tax on the disbursements. If the reverse is true, the person may carry over the tax credit to the next year. The Form 1099-Q can be found at www irs.gov.