Form 1099-OID Online | eFile 1099-OID - Report Original Issue Discount
File 1099-OID Online
Are you looking for where to file 1099-OID online? IRS approved Tax1099.com allows
you to eFile your 1099-OID with security and ease,
all online. IRS Form 1099-OID is used to report Original Issue Discount
This long-term debt instrument has Original Issue Discount (OID) when it is issued for a price less than its stated redemption price at maturity (principal amount). The OID is the difference between the stated redemption price at maturity and the issue price.
When would you need to file a 1099-OID?
For any person for whom you withheld and paid any foreign tax on OID or from whom you withheld (and did not refund) any federal income tax under the backup withholding rules, even if the amount of the OID is less than $10.
If an issuer of a certificate of deposit (CD) made, purchased, or renewed after 1970
If the CD has OID and a term of more than 1 year, you need to file this form.
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
Feb 28, 2021
1099-OID eFile Info
Electronically-filed 1099-OID forms are directly transmitted to the IRS from Tax1099.
You will receive IRS acknowledgement of your eFile by email within 3 - 7 business days.