Instructions For Forms 1099-Int And 1099-Oid

payee statements. Pursuant to Treasury Regulations

reported on Form 1099-INT. For a discussion of REMICs,

section 301.6109-4, all filers of Form 1099-OID may

FASITs, and CDOs, see the instructions, later.

truncate a recipient’s identification number (social security

Box 3. Early Withdrawal Penalty

number (SSN), individual taxpayer identification number

(ITIN), adoption taxpayer identification number (ATIN), or

Enter interest or principal forfeited because of an early

employer identification number (EIN)) on payee

withdrawal of time deposits, such as an early withdrawal

statements. Truncation is not allowed on any documents

from a CD, that is deductible from gross income by the

the filer files with the IRS. A payer's identification number

recipient. Do not reduce the amounts in boxes 1 and 2 by

may not be truncated on any form. See part J in the 2015

the amount of the forfeiture. For detailed instructions for

General Instructions for Certain Information Returns.

determining the amount of forfeiture deductible by the

holder, see Rev. Ruls. 75-20, 1975-1 C.B. 29, and 75-21,

FATCA filing requirement check box. Check the box if

1975-1 C.B. 367.

you are a U.S. payor that is reporting on Form(s) 1099

(including reporting amounts in boxes 1, 2, and 8 on this

Box 4. Federal Income Tax Withheld

Form 1099-OID) as part of satisfying your requirement to

Enter backup withholding. For example, if a recipient does

report with respect to a U.S. account for chapter 4

not furnish its TIN to you in the manner required, you must

purposes as described in Regulations section 1.1471-4(d)

backup withhold at a 28% rate. The 28% rate applies to

(2)(iii)(A). In addition, check the box if you are an FFI

amounts required to be reported in boxes 1, 2, and 8 but

reporting payments to a U.S. account pursuant to an

is limited to the cash paid on these obligations. Before

election described in Regulations section 1.1471-4(d)(5)

applying the 28% rate, you may reduce the amounts

(i)(A).

reported in boxes 1 and 2 by the amount reported in

Account number. The account number is required if you

box 3.

have multiple accounts for a recipient for whom you are

For information on requesting the recipient's TIN, see

filing more than one Form 1099-OID. The account number

part J in the 2015 General Instructions for Certain

is also required if you check the “FATCA filing

Information Returns.

requirement” box. See FATCA filing requirement check

box, earlier. Additionally, the IRS encourages you to

Box 5. Market Discount

designate an account number for all Forms 1099-OID that

For a taxable covered security acquired with market

you file. See part L in the 2015 General Instructions for

discount and OID, if the taxpayer notified you that a

Certain Information Returns.

section 1278(b) election was made, enter the amount of

2nd TIN not. You may enter an “X” in this box if you were

market discount that accrued on the debt instrument

notified by the IRS twice within 3 calendar years that the

during the tax year in the amount of $10 or more. For more

payee provided an incorrect taxpayer identification

details, see Regulations section 1.6045-1(n). Also see

number (TIN). If you mark this box, the IRS will not send

9616. Unless the taxpayer notified you that a section

you any further notices about this account.

1276(b) election was made to use the constant yield

method to determine accruals of market discount for the

However, if you received both IRS notices in the same

debt instrument, use the general rules in section 1276 to

year, or if you received them in different years but they

determine the accruals of market discount. See

both related to information returns filed for the same year,

Regulations section 1.6045-1(n)(5).

do not check the box at this time. For purposes of the

two-notices-in-3-years rule, you are considered to have

Box 6. Acquisition Premium

received one notice and you are not required to send a

second “B” notice to the taxpayer on receipt of the second

For a taxable covered security acquired with acquisition

notice. See part N in the 2015 General Instructions for

premium, enter the amount of premium amortization for

Certain Information Returns for more information.

the part of the year the debt instrument was owned by the

holder. See Regulations section 1.6045-1(n)(5). If you

For information on the TIN Matching System

reported a net amount of OID in box 1 or 8, as applicable,

offered by the IRS, see Items You Should Note in

TIP

leave this box blank.

the 2015 General Instructions for Certain

Information Returns.

Box 7. Description

Enter the CUSIP number, if any. If there is no CUSIP

Box 1. Original Issue Discount for 2015

number, enter the abbreviation for the stock exchange,

Report the OID on the obligation for the part of the year it

the abbreviation for the issuer used by the stock

was owned by the record holder. Do not include the

exchange, the coupon rate, and the year of maturity (for

amount reported in box 8. For a discussion of WHFITs,

example, NYSE XYZ 12

25). If the issuer of the

WHMTs, REMICs, FASITs, and CDOs, see the

obligation is other than the payer, show the name of the

instructions, later.

issuer.

Box 2. Other Periodic Interest

Box 8. Original Issue Discount on U.S. Treasury

Obligations

Enter any qualified stated interest paid or credited on this

obligation during the year. However, you may report any

Enter the OID on a U.S. Treasury obligation for the part of

qualified stated interest on Treasury Inflation Protected

the year it was owned by the record holder. Do not include

Securities in box 3 of Form 1099-INT rather than in box 2

this amount in box 1. You may enter any qualified stated

of Form 1099-OID. Interest reported here must not be

interest on the Treasury obligation in box 2.

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Instructions for Forms 1099-INT and 1099-OID (2015)

Instructions For Forms 1099-Int And 1099-Oid - 2015 Page 7

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