1099-INT

(redirected from Form 1099-INT)

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 ?
The amounts reported in Box 13 of Form 1099-INT should now be included in box 5 of Form 1096 when filing Form 1099-INT to the IRS.
Form 1099-INT for interest payments and Form 1099-DIV for dividend payments) has been used for many years to simultaneously report to the IRS and payment recipients the amount that payment recipients received in a given calendar year.
Customers that need to print tax form 1099-int, interest income, can download and try this tax software for free at www.
Among the other information returns it included was a Form 1099-INT reporting $60,292 interest income from the same partnership swap transaction.
In my last column (November 2007), we discussed the definitions of "interest" and "bonus" under both deposit regulations and Internal Revenue Service (IRS) roles to determine what is reported to the IRS on a Form 1099-INT.
Current income tax regulations provide that any person who pays interest totaling $10 or more in a given year to any other person must file a Form 1099-INT.
The value of this offer will be reported to the recipient as interest income on Form 1099-INT.
Form 1099-INT is used to report interest income received from your bank or from other financial institutions or investment companies.
W-2, Wage and Tax Statement, Form 1099-INT, Interest Income; Form 1099-B, Proceeds From Broker and Barter Exchange Transactions; and Form 1099-DIV, Dividends and Distributions).
Ez1099 Software with Form 1099-INT printing and e-filing capability is developed and distributed by Halfpricesoft.
The instructions for IRS Form 1099-INT require reporting of interest income "for each person .
CPAs will need to prepare a W-2C and a form 1099-INT for each former employee showing the change to the original W-2 and the amount of interest the company received from the IRS (yes, the IRS will pay interest on overpaid SUCB taxes), plus the interest from the escrow accounts.