1099-INT

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1099-INT

A form one must file with the IRS declaring all the interest one receives in a year from taxable investment vehicles held at a financial institution. This includes interest on corporate bonds, savings accounts, certificates of deposit, and so forth.

1099-INT

An annual statement to savers and the Internal Revenue Service that shows the amount of taxable interest payments received from an institution during the year. Interest included on 1099-INT forms includes interest paid on savings accounts, money market funds, interest-bearing checking accounts, and taxable bonds. Municipal bond interest is not included on a 1099-INT form.
References in periodicals archive ?
In this two-part series, we'll sort out a continuing source of confusion: what precisely to include' as interest on 1099-INT forms.
24 /PRNewswire/ -- The Pennsylvania Department of Revenue mailed incorrect 1099-G and 1099-INT forms to taxpayers earlier this month.
Fajt said correct 1099-G and 1099-INT forms will be mailed within 15 days.
We will distribute updated 1099-G and 1099-INT forms as soon as possible.