Instructions For Forms 1099-Int And 1099-Oid - 2018
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92018
Department of the Treasury
Internal Revenue Service
Instructions for Forms
1099-INT and 1099-OID
Interest Income and Original Issue Discount
Section references are to the Internal Revenue Code
Specific Instructions for Form
unless otherwise noted.
1099-INT
Future Developments
File Form 1099-INT, Interest Income, for each person:
For the latest information about developments related to
Forms 1099-INT and 1099-OID and their instructions,
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
such as legislation enacted after they were published, go
to
IRS.gov/Form1099INT
or IRS.gov/Form1099OID.
the course of your trade or business described in the
instructions for Box 1. Interest Income, later);
What’s New
2. For whom you withheld and paid any foreign tax on
interest; or
On-line pdf fillable Copies 1, B, 2, and C. To ease
statement furnishing requirements, Copies 1, B, 2, and C
3. From whom you withheld (and did not refund) any
have been made fillable on-line in a pdf format available at
federal income tax under the backup withholding rules
IRS.gov/Form1099INT
and IRS.gov/Form1099OID. You
regardless of the amount of the payment.
can complete these copies on-line for furnishing
Report only interest payments made in the course of
statements to recipients and for retaining in your own files.
your trade or business including federal, state, and local
Reminders
government agencies and activities deemed nonprofit, or
for which you were a nominee/middleman. Report interest
General Instructions. In addition to these specific
that is taxable OID in box 1 or 8 of Form 1099-OID,
instructions, you should also use the 2018 General
Original Issue Discount, not on Form 1099-INT. Report
Instructions for Certain Information Returns. Those
interest that is tax-exempt OID in box 11 of Form
general instructions include information about the
1099-OID, not on Form 1099-INT. Report exempt-interest
following topics.
dividends from a mutual fund or other regulated
Who must file (nominee/middleman; certain FFIs and
investment company (RIC) on Form 1099-DIV.
U.S. payers that report on Form(s) 1099 to satisfy their
chapter 4 reporting requirements).
For a specified private activity bond with OID, report the
When and where to file.
tax-exempt OID in box 11 on Form 1099-OID and the
Electronic reporting requirements.
tax-exempt stated interest in boxes 8 and 9 on Form
Corrected and void returns.
1099-INT.
Statements to recipients.
Exceptions to reporting. No Form 1099-INT must be
Taxpayer identification numbers (TINs).
filed for payments made to exempt recipients or for
Backup withholding.
interest excluded from reporting.
Penalties.
Exempt recipients. You are not required to file Form
The definitions of terms applicable for chapter 4
1099-INT for payments made to certain payees including,
purposes that are referenced in these instructions.
but not limited to, a corporation, a tax-exempt
Other general topics.
organization, any individual retirement arrangement (IRA),
You can get the general instructions at
Archer medical savings account (MSA), Medicare
General Instructions for Certain Information
Returns, at
Advantage MSA, health savings account (HSA), a U.S.
IRS.gov/1099generalinstructions, or go to
IRS.gov/
agency, a state, the District of Columbia, a U.S.
Form1099INT
or IRS.gov/Form1099OID.
possession, a registered securities or commodities
Nonresident aliens. If you pay U.S. bank deposit
dealer, nominees or custodians, brokers, or notional
interest of at least $10 to certain nonresident alien
principal contract (swap) dealers. For additional exempt
individuals, report the interest on Form 1042-S, Foreign
recipients, see Regulations section 1.6049-4 for more
Person's U.S. Source Income Subject to Withholding. To
information. For situations when you are required to file
determine whether an information return is required for
Form 1099-INT for certain recipients that are otherwise
original issue discount, see Regulations sections
generally exempt, but that receive credits from tax credit
1.6049-5(f) and 1.6049-8(a). This interest may be subject
bonds, see Interest to holders of tax credit bonds under
to backup withholding. See the Instructions for Form
Box 1. Interest Income, later.
1042-S. Also see Rev. Proc. 2012-24, 2012-20 I.R.B. 913,
Interest excluded from reporting. You are not
available at IRS.gov/irb/2012-20_IRB#RP-2012-24.
required to file Form 1099-INT for interest on an obligation
issued by an individual, interest on amounts from sources
outside the United States paid outside the United States
Sep 27, 2017
Cat. No. 27980N
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