IRS Form 1099-INT (Interest Income) is an annual tax statement provided by payers of interest income that total of more than $10 from interest. IRS Form 1099-INT Form must be issued to payee and a copy mailed to or e-filed with the IRS
Who must file:
File Form 1099-INT, Interest Income, for each person:
1. To whom you paid amounts reportable in boxes 1, 3, and 8 of at least $10 (or at least $600 of interest paid in the course of your trade or business described in the instructions for Box 1. Interest Income, later),
2. For whom you withheld and paid any foreign tax on interest, or
3. From whom you withheld (and did not refund) any federal income tax under the backup withholding rules regardless of the amount of the payment.
Report only interest payments made in the course of your trade or business including federal, state, and local government agencies and activities deemed nonprofit, or for which you were a nominee/middleman. Report tax-exempt interest that is not original issue discount (OID) on Form 1099-INT. You do not need to report tax-exempt interest that is OID. Report interest that is taxable OID in box 1 or 8 of Form 1099-OID, Original Issue Discount, not on Form 1099-INT. Report exempt-interest dividends from a mutual fund or other regulated investment company (RIC) on Form 1099-DIV.
Box 1. Interest Income
Box 2. Early Withdrawal Penalty
Box 3. Interest on U.S. Savings Bonds and Treas. Obligations
Enter Payer, Recipient and Form 1099-INT Information
Enter state info as per the state requirement.
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IRS 1099 Deadline for 2019
IRS 1099 INT form e-filing deadline for tax year 2019 is March 31, 2020. Now you can e-file form 1099-int copy A with IRS and send the recipient copy through USPS mail using our service. Payers must issue 1099-INT form Copy B to recipients on or before January 31, 2020
E-filing 1099 online with form1099online.com is quicker and easy
Form1099online.com is an IRS Approved 1099 E-file provider.File 1099-INT form on paper by February 28, 2020, or March 31, 2020, if filing electronically.Payers must issue 1099-INT form Copy B to recipients on or before January 31, 2020