1099-INT

(redirected from Forms 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 ?
At year end I received a tax statement including capital gains details and Forms 1099-INT, Interest Income, and 1099-OID, Original Issue Discount.
For example, a bank could not obtain consent from a customer to furnish Form 1099-INT, Interest Income, electronically if the customer does not have access to a computer or to the bank's website on which Forms 1099-INT will be posted.
The primary purpose of the publication is to help brokers and other middlemen identify publicly offered OID debt instruments, which they hold as nominees for the true owners, so they can comply with their responsibility to file Forms 1099-OID and Forms 1099-INT. A secondary purpose is to assist owners of publicly offered their income tax returns.
If the alternative procedure is used, the successor is required to file a separate statement with the IRS indicating that Forms 1099-INT are being filed on the combined basis.
382 limitation and to assess deductibility of interest and financing cost (and interaction with net operating losses) and retirement of old debt, as well as future compliance filing requirements, such as Forms 1099-INT, Interest Income, and 1099-OID, Original Issue Discount.
The pilot TIN Matching Program will include Forms 1099-INT, 1099-DIV, 1099-OID, 1099-PATR, 1099-B and 1099-MISC and will be limited to 1,000 participants.