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Instructions for IRS Form 1099-INT, 1099-OID
for the current year.
Instructions for IRS Form 1099-INT, 1099-OID Interest Income and Original Issue Discount
This document contains official instructions for IRS Form 1099-INT , and IRS Form 1099-OID . Both forms are released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 1099-INT is available for download through this link.
FAQ
Q: What is IRS Form 1099-INT?A: IRS Form 1099-INT is used to report interest income earned from sources such as bank accounts and investments.
Q: What is IRS Form 1099-OID?A: IRS Form 1099-OID is used to report original issue discount income received from certain financial instruments, such as bonds.
Q: What is interest income?A: Interest income is the money earned from investments or bank accounts.
Q: What is original issue discount (OID) income?A: Original issue discount (OID) income is the difference between the face value of a bond and its purchase price.
Q: Who needs to file IRS Form 1099-INT?A: You need to file IRS Form 1099-INT if you paid someone at least $10 in interest during the tax year.
Q: Who needs to file IRS Form 1099-OID?A: You need to file IRS Form 1099-OID if you received at least $10 in original issue discount income during the tax year.
Q: What information is needed to complete IRS Form 1099-INT?A: You will need the recipient's name, address, and Social Security number, as well as the amount of interest paid.
Q: What information is needed to complete IRS Form 1099-OID?A: You will need the recipient's name, address, and Social Security number, as well as the amount of original issue discount income received.
Q: When is the deadline to file IRS Forms 1099-INT and 1099-OID?A: The deadline to file IRS Forms 1099-INT and 1099-OID is January 31st of the following year.
Instruction Details:
- This 9-page document is available for download in PDF;
- Not applicable for the current tax year. Choose a more recent version to file this year's taxes;
- Complete, printable, and free.
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