E-File Form 1099-INT Online to Report
Interest Income

If you are a payer, you are required to file Form 1099-INT for each recipient under the following conditions:

• If you paid more than $10 to the recipient(s) for interest, Interest on U.S. Savings Bonds and Treasury obligations, and tax-exempt interest.
• If you withheld and paid any foreign tax on interest.
• Regardless of payment, you must file Form 1099-INT if you withheld any federal income tax under a backup withholding.

Payers use Form 1096 to summarize 1099-INT Forms filed with the IRS. This Form is required only when you file 1099-INT Forms on paper.

Form 1096 is not required when you file 1099-INT electronically.

Recipient copies are due by February 1, 2027. The IRS filing deadline is March 1, 2027 for paper returns and March 31, 2027 for electronic returns. If any of these dates fall on a weekend or holiday, the deadline moves to the next business day.

If you are a payer, you are required to file Form 1099-INT for each recipient using the following information:

• Payer Information such as Name, Address, EIN/SSN
• Recipient Information such as Name, Address, EIN/SSN
• Interest and premium paid to the recipient
• Federal income tax withheld
• State and local information such as State number, taxes withheld

If you have the information available for reporting 1099-INT, get started with TaxBandits and file Form 1099-INT electronically with the IRS.

The payer must complete 4 copies when filing Form 1099-INT:

• Copy A must be filed with the IRS.
• Copy 1 must be filed with the State tax department.
• Copy B must be furnished to the recipient.
• Copy 2 must be filed with the recipient's state income tax return when required.

Choose TaxBandits for filing the 1099-INT Form. We file with the IRS and state, and mail recipient copies of Form 1099-INT.

The IRS may charge $60 to $340 per return for late or incorrect Form 1099-INT filings. Intentional disregard can result in a penalty of $680, with no annual maximum.

The other tiers are capped annually — for returns due in 2027, $244,500 to $1,397,000 for small businesses (average annual gross receipts of $5 million or less) and $698,500 to $4,191,500 for larger filers. Amounts are indexed for inflation each year.

To request an extension, file Form 8809 with the IRS on or before the original due date. This extension isn't automatic and is granted only in specific circumstances, which must be explained on the form. If you need more time to furnish recipient copies specifically, file Form 15397 by the original due date.