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
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.
IRS 1099 Deadline for 2018
IRS 1099 INT form e-filing deadline for tax year 2018 is April 1, 2019. 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, 2019
Try now for Free
Set up your free account with form1099online.com with in 2 minutes. Simply TRY NOW FOR FREE AND pay only if you submit forms.