Learn More About 1099-INT
What is a 1099-INT?
Form 1099-INT is used to report interest income paid to individuals. A 1099-INT must be provided to the recipient, and a copy mailed or e-filed with the IRS.
Why do I file 1099-INT?
The IRS requires that all income is reported by businesses and individuals or penalties could apply.
Who needs to file 1099-INT?
Any organization which has paid interest income, withheld foreign tax on interest or withheld federal tax under the backup withholding rules must use form 1099-INT. See the official IRS instructions.
When do I file 1099-INT?
1099-INT forms are required to be mailed to the recipient by January 31, 2017 and e-filed with the IRS by March 31, 2017.
1099-INT Reporting Information
|What to report||Amount to report|
|Interest Income||$10 or more ($600 or more in some cases; see Official IRS Instructions for details)|