Link to form:
Purpose of form
Payors use Form 1099-INT to report:
- $10 or more in interest income, interest on U.S. Savings Bonds and Treasury Obligations, and Tax-Exempt Interest (or at least $600 of interest paid in the course of their trade or business
- Amounts withheld and paid any non-U.S. tax on interest; or
- Amounts withheld (and not refunded) of any federal income tax under the backup withholding rules regardless of the amount of the payment.
Reminders for payors:
- 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 interest that is taxable original issue discount (OID) in box 1 or 8 of Form 1099-OID, Original Issue Discount, not on Form 1099-INT.
- Report interest that is tax-exempt OID in box 11 of Form 1099-OID, not on Form 1099-INT.
- Report exempt-interest dividends from a mutual fund or other regulated investment company (RIC) on Form 1099-DIV.
Information reported on form:
- The name, address, taxpayer identification number and phone number of the payor,
- The name, address, and taxpayer identification number of the recipient,
- Interest income,
- Early withdrawal penalty,
- Interest on U.S. Savings Bonds and Treasury Obligations,
- Federal income tax withheld,
- Investment expense,
- Foreign tax paid and identification of the country,
- Tax-exempt interest,
- Special private activity bond interest,
- Market discount,
- Bond premium,
- Bond premium on Treasury obligations,
- Bond premium on tax-exempt bond,
- Tax-exempt and tax credit bond CUSIP number,
- State information,
Please see Form 1099-INT for all other information required to be reported.
$10 or more ($600 or more in some cases).
Due date to recipient:
Due date to IRS (paper filing):
Due date to IRS (Electronic Filing):