IRS Form 1099-INT is used to report interest income.
Example use: Payers of interest income use this form to report the amount paid to investors at year's end.
When would you need to file a 1099-INT?
You must file a Form 1099-INT for each person you paid amounts reportable in Box 1, for Interest Income, Box 3, for Interest on U.S. Savings Bonds and Treasury Obligations, and Box 8, for Tax-Exempt Interest.
You must file a Form 1099-INT for each person for whom you withheld or paid any foreign tax on interest.
You must file a Form 1099-INT for each person from whom you withheld; without refunding, any federal income tax on the basis of backup withholding rules. There is no minimum requirement for this, you must file regardless of the amount of the payment.
With Tax1099.com, you can schedule the date that your forms are transmitted to the IRS. Scheduling your forms gives you time between when we email/USPS your forms to vendors and when we send the forms to the IRS. This is useful because your vendors may have edits to make. You can make those changes in Tax1099 before the scheduled date at no extra charge. We automatically schedule your IRS eFile transmission at a week away from when you submit, or by the deadline. You can edit this date to match your preference.
Feb 1, 2021
March 31, 2021
IRS Paper Filing
March 1, 2021
1099-INT eFile Info
Electronically-filed 1099-INT forms are directly transmitted to the IRS from Tax1099.
You will receive IRS acknowledgement of your eFile by email within 3 - 7 business days.