IRS Form 1099-OID 2018 Original Issue Discount

IRS Form 1099-OID is a U.S. Department of the Treasury - Internal Revenue Service - issued form also known as the "Original Issue Discount".

A PDF of the latest IRS Form 1099-OID can be downloaded below or found on the U.S. Department of the Treasury - Internal Revenue Service Forms and Publications website.

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Attention:
Copy A of this form is provided for informational purposes only. Copy A appears in red,
similar to the official IRS form. The official printed version of Copy A of this IRS form is
scannable, but the online version of it, printed from this website, is not. Do not print and file
copy A downloaded from this website; a penalty may be imposed for filing with the IRS
information return forms that can’t be scanned. See part O in the current General
Instructions for Certain Information Returns, available at www.irs.gov/form1099, for more
information about penalties.
Please note that Copy B and other copies of this form, which appear in black, may be
downloaded and printed and used to satisfy the requirement to provide the information to
the recipient.
To order official IRS information returns, which include a scannable Copy A for filing with
the IRS and all other applicable copies of the form, visit www.IRS.gov/orderforms. Click on
Employer and Information
Returns, and we’ll mail you the forms you request and their
instructions, as well as any publications you may order.
Information returns may also be filed electronically using the IRS Filing Information Returns
Electronically (FIRE) system (visit www.IRS.gov/FIRE) or the IRS Affordable Care Act
Information Returns (AIR) program (visit www.IRS.gov/AIR).
See IRS Publications 1141, 1167, and 1179 for more information about printing these tax
forms.
Attention:
Copy A of this form is provided for informational purposes only. Copy A appears in red,
similar to the official IRS form. The official printed version of Copy A of this IRS form is
scannable, but the online version of it, printed from this website, is not. Do not print and file
copy A downloaded from this website; a penalty may be imposed for filing with the IRS
information return forms that can’t be scanned. See part O in the current General
Instructions for Certain Information Returns, available at www.irs.gov/form1099, for more
information about penalties.
Please note that Copy B and other copies of this form, which appear in black, may be
downloaded and printed and used to satisfy the requirement to provide the information to
the recipient.
To order official IRS information returns, which include a scannable Copy A for filing with
the IRS and all other applicable copies of the form, visit www.IRS.gov/orderforms. Click on
Employer and Information
Returns, and we’ll mail you the forms you request and their
instructions, as well as any publications you may order.
Information returns may also be filed electronically using the IRS Filing Information Returns
Electronically (FIRE) system (visit www.IRS.gov/FIRE) or the IRS Affordable Care Act
Information Returns (AIR) program (visit www.IRS.gov/AIR).
See IRS Publications 1141, 1167, and 1179 for more information about printing these tax
forms.
VOID
CORRECTED
9696
PAYER’S name, street address, city or town, state or province, country, ZIP
1 Original issue discount for
OMB No. 1545-0117
or foreign postal code, and telephone no.
2018
$
Original Issue
2018
Discount
2 Other periodic interest
1099-OID
$
Form
Copy A
PAYER’S TIN
RECIPIENT’S TIN
3 Early withdrawal penalty
4 Federal income tax withheld
$
$
For
5 Market discount
6 Acquisition premium
Internal Revenue
Service Center
RECIPIENT’S name
$
$
7 Description
File with Form 1096.
Street address (including apt. no.)
For Privacy Act
and Paperwork
City or town, state or province, country, and ZIP or foreign postal code
8 Original issue discount on
9 Investment expenses
Reduction Act
U.S. Treasury obligations
Notice, see the
$
$
2018 General
10 Bond premium
11 Tax-exempt OID
FATCA filing
Instructions for
requirement
Certain
Information
$
$
Returns.
Account number (see instructions)
2nd TIN not.
12 State 13 State identification no. 14 State tax withheld
$
$
1099-OID
Form
Cat. No. 14421R
www.irs.gov/Form1099OID
Department of the Treasury - Internal Revenue Service
Do Not Cut or Separate Forms on This Page — Do Not Cut or Separate Forms on This Page
VOID
CORRECTED
PAYER’S name, street address, city or town, state or province, country, ZIP
1 Original issue discount for
OMB No. 1545-0117
or foreign postal code, and telephone no.
2018
$
Original Issue
2018
Discount
2 Other periodic interest
1099-OID
$
Form
PAYER’S TIN
RECIPIENT’S TIN
3 Early withdrawal penalty
4 Federal income tax withheld
Copy 1
$
$
For State Tax
5 Market discount
6 Acquisition premium
Department
RECIPIENT’S name
$
$
7 Description
Street address (including apt. no.)
City or town, state or province, country, and ZIP or foreign postal code
8 Original issue discount on
9 Investment expenses
U.S. Treasury obligations
$
$
10 Bond premium
11 Tax-exempt OID
FATCA filing
requirement
$
$
Account number (see instructions)
12 State 13 State identification no. 14 State tax withheld
$
$
1099-OID
Form
www.irs.gov/Form1099OID
Department of the Treasury - Internal Revenue Service
CORRECTED (if checked)
PAYER’S name, street address, city or town, state or province, country, ZIP
1 Original issue discount for
OMB No. 1545-0117
or foreign postal code, and telephone no.
2018*
$
Original Issue
2018
* This may not be the correct figure
to report on your income tax return.
Discount
See instructions on the back.
2 Other periodic interest
1099-OID
$
Form
PAYER’S TIN
RECIPIENT’S TIN
3 Early withdrawal penalty
4 Federal income tax withheld
Copy B
$
$
5 Market discount
6 Acquisition premium
For Recipient
RECIPIENT’S name
$
$
7 Description
This is important tax
Street address (including apt. no.)
information and is
being furnished to
the IRS. If you are
required to file a
return, a negligence
City or town, state or province, country, and ZIP or foreign postal code
8 Original issue discount on
9 Investment expenses
penalty or other
U.S. Treasury obligations*
sanction may be
imposed on you if
$
$
this income is
10 Bond premium
11 Tax-exempt OID
FATCA filing
taxable and the IRS
requirement
determines that it
has not been
$
$
reported.
Account number (see instructions)
12 State 13 State identification no. 14 State tax withheld
$
$
1099-OID
(keep for your records)
Form
www.irs.gov/Form1099OID
Department of the Treasury - Internal Revenue Service
Instructions for Recipient
Box 1. Shows the OID on a taxable obligation for the part of the year you owned
Original issue discount (OID) is the excess of an obligation’s stated redemption
it. Report the amount in box 1 as interest income on your income tax return.
price at maturity over its issue price (acquisition price for a stripped bond or
However, depending on the type of debt instrument, the issue or acquisition
coupon). OID on a taxable obligation is taxable as interest over the life of the
date, and other factors (for example, if you paid acquisition or bond premium, or
obligation. If you are the holder of a taxable OID obligation, generally you must
the obligation is a stripped bond or coupon), you may have to figure the correct
include an amount of OID in your gross income each year you hold the
amount of OID to report on your return. See Pub. 1212 for details on how to
obligation. Obligations that may have OID include a bond, debenture, note,
figure the correct OID. See the instructions above for a covered security
certificate, or other evidence of indebtedness having a term of more than 1 year.
acquired with acquisition premium.
For example, the OID rules may apply to certificates of deposit (CDs), time
deposits, bonus savings plans, and other deposit arrangements, especially if the
Box 2. Shows qualified stated interest on this obligation for the year, which is an
payment of interest is deferred until maturity. In addition, the OID rules apply to
amount separate from the OID. If you held the obligation the entire year, report
Treasury inflation-protected securities. See Pub. 550 for more information.
this amount as interest income on your tax return. If you disposed of the
obligation or acquired it from another holder during the year, see Pub. 550 for
If, as the record holder, you receive Form 1099-OID showing amounts
reporting instructions. If there is an amount in both boxes 2 and 8, the amount in
belonging to another person, you are considered a nominee recipient. Complete
box 2 is interest on a U.S. Treasury obligation and is exempt from state and
a Form 1099-OID for each of the other owners showing the amounts allocable to
local income taxes. If there is an amount in both boxes 2 and 11, the amount in
each. File Copy A of the form with the IRS. Furnish Copy B to each owner. List
box 2 is tax-exempt interest and is not included in interest income on your tax
yourself as the “payer” and the other owner as the “recipient.” File Form(s)
return. In general, see how to report tax-exempt interest in the Instructions for
1099-OID with Form 1096, with the Internal Revenue Service Center for your
Form 1040.
area. On Form 1096, list yourself as the “filer.” A spouse is not required to file a
nominee return to show amounts owned by the other spouse. If you bought or
Box 3. Shows interest or principal forfeited if you withdrew the money before
sold an obligation during the year and you are not a nominee, you are not
the maturity date of the obligation, such as from a CD. You may deduct this
required to issue or file Form 1099-OID showing the OID or stated interest
amount to figure your adjusted gross income on your income tax return. See the
allocable to the seller/buyer of the obligation.
Instructions for Form 1040 to see where to take the deduction.
The information provided may be different for covered and noncovered
Box 4. Shows backup withholding. Generally, a payer must backup withhold if
securities. For a description of covered securities, see the Instructions for Form
you did not furnish your TIN or you did not furnish the correct TIN to the payer.
8949. For a covered security acquired with acquisition premium, your payer
See Form W-9 for information on backup withholding. Include this amount on
generally must report either (1) a net amount of OID that reflects the offset of
your income tax return as tax withheld.
OID by the amount of acquisition premium amortization for the year, or (2) a
Box 5. For a covered security acquired with OID, if you made an election under
gross amount for both the OID and the acquisition premium amortization for the
section 1278(b) to include market discount in income as it accrues and you
year. For a noncovered security acquired with acquisition premium, your payer
notified your payer of the election in writing in accordance with Regulations
is only required to report the gross amount of OID.
section 1.6045-1(n)(5), shows the market discount that accrued on the debt
Recipient's taxpayer identification number (TIN). For your protection, this
instrument during the year while held by you. For a tax-exempt obligation that is
form may show only the last four digits of your TIN (social security number
a covered security acquired on or after January 1, 2017, and issued with OID,
(SSN), individual taxpayer identification number (ITIN), adoption taxpayer
shows the market discount that accrued on the obligation during the year while
identification number (ATIN), or employer identification number (EIN)). However,
held by you. For a covered security acquired on or after January 1, 2015, market
the issuer has reported your complete TIN to the IRS.
discount will be calculated on a constant yield basis unless you notified your
payer in writing in accordance with Regulations section 1.6045-1(n)(5) that you
FATCA filing requirement. If the FATCA filing requirement box is checked, the
did not want to make a constant yield election for market discount under section
payer is reporting on this Form 1099 to satisfy its chapter 4 account reporting
1276(b). The payer may, but is not required to, report the market discount for a
requirement. You also may have a filing requirement. See the Instructions for
tax-exempt obligation that is a covered security acquired before January 1,
Form 8938.
2017. Report the accrued market discount on your income tax return as directed
Account number. May show an account or other unique number the payer
in the Instructions for Form 1040. Market discount on a tax-exempt security is
assigned to distinguish your account.
includible in taxable income as interest income.
(Continued on the back of Copy 2)

Download IRS Form 1099-OID 2018 Original Issue Discount

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