Form 1099-INT is an annual tax statement filed by payers of interest income, such as banks, financial institutions, mutual fund institutions, savings institutions, and government institutions. These institutions are required to file Form 1099-INT to report interest income for amounts $10 or more to the recipient and the IRS. Interest income includes interest on U.S. Savings Bonds, paid foreign taxes, Bond premiums, and interest-bearing checking accounts. This form is also used to report other tax items related to your interest income, such as early withdrawal penalties, tax-exempt interest, market discount and federal tax withheld. This report is provided to both the payee and the IRS.
Due to recipient by:
Paper file 1099-INT with the IRS by:
E-file 1099-INT with the IRS by:
Depending on your state requirements you may need to file Form 1099-INT to the applicable state department, along with any additional information. If your state is a part of the Combined Federal/State Filing the Internal Revenue Service: Information Returns Branch (IRS/IRB) will forward the original and corrected forms to the respective state automatically with no additional charge. However, select states within the program still require individuals to file with the state department.Learn More
If you’re unable to file Form 1099-INT on time, you can apply for an automatic 30-day extension of time to file by completing Form 8809 by your original due date. E-file and receive approval within an hour.Learn More