Form 1099-INT is a type of information return filed by payers of interest income (such as banks, financial institutions, mutual fund institutions, savings institutions, and government institutions). Form 1099-INT is used to report the payment (interest income of amount $10 or more) made to the recipients to 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. The filers of Form 1099-INT are also responsible for issuing copies to the recipient.
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Due to recipient by
Paper file 1099-INT with the IRS by
E-file 1099-INT with the IRS by
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Our 1099 software makes filing your 1099-INT simple:
While filing your 1099-INT return with our software, you also have the option to postal mail copies to your recipients. Simply select the postal mail option and we will take care of the rest!
Depending up on your state requirements, you may need to file Form 1099-INT to the applicable state department, along with any additional information required by the state. If your state is a part of the Combined Federal/State Filing program the Internal Revenue Service (IRS) will automatically forward your original and corrected 1099-INT Forms to the respective state. However, some states that participate in CF/SF still require you to file your forms directly with the respective state department. Check your State Filing Requirements
TaxBandits supports CF/SF program; the required state copies will be forwarded automatically to the respective state agencies.
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
If the IRS rejected your 1099-INT return, or you notice any error on an already filed return, you'll need to correct the errors as soon as possible and file the corrected return again with the IRS. A corrected copy of Form 1099-INT also needs to be sent to the recipient if the error is a part of the recipient information. Learn More
If you have missed the 1099-INT filing deadline, failed to file with the proper information, or filed your form on paper when you were required to file it electronically, you may be penalized by the IRS. Penalty amounts are based on the size of the organization and the date the form is actually filed. Penalty fees range from $50 to $536,000. Learn More
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This application is free to download on any iOS or Android device. Download our app today to efficiently file Form 1099-INT from your phone.
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