FAQs on Form 1099 Series

When is Payment of Interest Made in Regards to Form 1099-INT?

When it is credited or set apart for a person without any substantial limitation or restriction as to the time, manner, or condition of payment. The interest must be made available so that it may be drawn on at any time and its receipt brought within the control and disposition of the person.

Last modified 26 Jul 2017 16:07 EST

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