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 ?
comprehensive year-end tax reporting (1098s, 1099-INTs, Canadian T5s), built-in financial calculator, context-sensitive help assistant, and a minimum 11 hour a day software support.
complete year-end tax reporting (1098s, 1099-INTs, Canadian T5s), integrated financial calculator, and context-sensitive help assistant, along with at least 11-hour software support on a daily basis.
This application now allows taxpayers the ability not only to view their payments and balance due, but also view FTB-issued 1099-Gs, 1099-INTs, and California wage and withholding information.
Source Doc Auto-Entry, an add-on solution to Intuit's tax preparation software solutions, uses the simplified scanning interfaces and highly accurate optical character recognition (OCR) in the ScanSoft OmniPage Capture SDK to replace manual data entry with automated processing for standardized tax forms, including W-2s, 1099-INTs and 1099-DIVs.