Learn More About 1099-INT

WHAT is a 1099-INT?

Form 1099-INT is used to report interest income paid to individuals. A 1099-INT must be provided to the recipient, and a copy mailed or e-filed with the IRS.

WHY do I file 1099-INT?

The IRS requires that all income is reported by businesses and individuals or penalties could apply.

WHO needs to file 1099-INT?

Any organization which has paid interest income, withheld foreign tax on interest or withheld federal tax under the backup withholding rules must use form 1099-INT. See the official IRS instructions.

WHEN do I file 1099-INT?

1099-INT forms are required to be mailed to the recipient by Jan. 31, and e-filed with the IRS by Mar. 31, or a paper copy mailed to the IRS by Feb. 28 each year.