What is the purpose of Form 1099-INT? With many various forms utilised to submit a variety of different reports to the IRS, the Form 1099 Series is an essential line up of documents. The IRS has its own special procedures for completing and filing Form 1099-INT. Here's a rundown of everything you need to know before submitting Form 1099-INT for the fiscal year 2021.
Specific interest payments of $10 or more that are recorded in Box 1, Box 3, and Box 8 are reported on 1099-INT Form. If you withheld and paid any foreign tax on interest, or if you withheld federal income tax in accordance with backup withholding laws and didn't refund these payments, you need also complete this form.
Get to know more about Form 1099-INT instructions for 2021, click here
Deadline to File Form 1099-INT The IRS Tax Form 1099-INT Due date for the 2021 tax year.
Recipient copy
E-filing
Paper Filing
January 31, 2022
March 31, 2022
March 1, 2022
What are the Informations Required to File form 1099-INT 1. Payer Information: Name, Social Security Number, and Address 2. Name, EIN/Social Security Number, and Address of Recipient 3. Federal Information: Interest Earned and Federal Tax Withheld 4. State Income, Payer State Number, and State Tax Withheld (if applicable)
If you have your information ready with you, E-file Form 1099-INT Now.