Recipient copy Deadline
January
31st, 2024
Paper Filing Deadline
February
28th, 2024
Electronic Filing Deadline
March
31st, 2024
Who Must file IRS 1099-INT Form?
File 1099-int, Interest Income, for each person:
- To whom you paid amounts at least $10 of Interest Income, Interest on U.S. Savings Bonds and Treas. obligations, Tax-exempt interest. (or at least $600 of interest paid in the course of your trade or business)
- For whom you withheld and paid any foreign tax on interest.
- From whom you withheld (and did not refund) any federal income tax under the backup withholding rules regardless of the amount of the payment.
Information Required to File Form 1099-INT (Interest Income)
The following information is required to be reported when filing IRS 1099-INT Form
- Payer Details: Name, EIN/SSN, and Address.
- Recipient Details: Name, EIN/SSN, and Address.
- Amount paid for : Interest income, Foreign taxes, Tax-exempt interest, Interest on U.S. Savings Bonds & Treas. obligations, Bond premium on Treasury obligations & tax-exempt bond.
- Federal Details: Federal Income and Federal Tax Withheld.
- State Details: State Income, State Tax Withheld.
Filing Methods for 1099-INT Form
E-Filing
E-filing 1099 Forms is a secure and preferred method for filing your IRS 1099-INT Form to the IRS. It provides more accuracy as well as you can reduce the bunch of paper works & time. Usually, when you e-file, the entire process is completed in just a few minutes. Also, you will receive the acknowledgment when your form get accepted by the IRS.
Paper Filing
Filing a 1099-INT using paper forms is the most traditional way of sending tax information to the IRS. There can be possible typo mistakes in paper filing. You have to wait in a long queue to file your 1099 tax return. Also you don’t get any confirmation regarding the acceptance or rejection of your 1099 Forms by the IRS.
Other Supported Forms
- Form 1099-MISC, Form 1099-DIV, Form 1099-K, R, S, B, & Correction
- Form W2, W2c
- Form 941, 940, & 944
- Form 1095-B/C
- Form 990
Bulk Upload
Save time by uploading all your recipient information at once with our bulk upload template. Upload information and e-file 1099 forms for all your recipients instantly.
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State Filing
Some states mandate the 1099 filing and you are required to file 1099-INT Form with the respective state department also. Our e-filing software efile1099int.com support 1099 state filings for states which participate in the Combined Federal & State Filing Program (CF/SF).
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Postal Mailing
It is difficult for you to send all your copies of 1099-INT Forms to your recipients. And so we provide you with an option Postal mailing, where we will mail all your form copies to your recipients on-time.
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Print Center
All your 1099-INT Form copies are kept in our secure server, so that you can access it whenever required. You can either view, print or download the copy for your future reference and can send the copies to your recipients right after downloading.
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