Form 1099-INT

All states | 22 types
Form 1099-INT Page 1
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Updated Jan 21, 2025
~ 7 pages
297 downloads
Form 1099-INT is a key document in the U.S. tax system used to report interest income earned throughout the year. Banks, financial institutions, or other entities issue this form to individuals or organizations receiving interest payments. Download the 1099-INT form in PDF and easily complete it with the step-by-step guidelines below.
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Document Types
Form 1099
This form is used to report income to the IRS and payment recipients.
352 downloads
Form 1099-A
This form reports the acquisition or abandonment of secured property.
275 downloads
Form 1099-B
This form reports proceeds from the sale of securities or certain barter transactions.
271 downloads
Form 1099-C
This form reports canceled debts of $600 or more, which may be considered taxable income.
269 downloads
Form 1099-CAP
This form reports corporate changes that result in distributions to shareholders.
266 downloads
Form 1099-DIV
This form reports dividends, capital gain distributions, and other investment income.
281 downloads
Form 1099-G
This form reports taxable payments from government agencies.
315 downloads
Form 1099-H
This form reports HCTC advance payments for the recipient.
233 downloads
Form 1099-K
This form reports payment transactions for goods and services processed through third-party networks.
236 downloads
Form 1099-LS
This form reports the transfer or acquisition of a life insurance contract.
225 downloads
Form 1099-LTC
This form reports long-term care and accelerated death benefit payments.
226 downloads
Form 1099-MISC
This form reports an income that is not classified as wages, salaries, or tips.
622 downloads
Form 1099-NEC
This form reports payments to independent contractors or self-employed individuals.
843 downloads
Form 1099-OID
This form reports OID income from financial instruments like bonds or notes.
226 downloads
Form 1099-PATR
This form is used to report taxable distributions or patronage dividends from cooperatives.
223 downloads
Form 1099-Q
This form reports distributions from education savings programs to the IRS and recipients.
221 downloads
Form 1099-QA
This form documents distributions from ABLE accounts for tax and eligibility purposes.
218 downloads
Form 1099-R
This form is used to report retirement and pension distributions to the IRS and recipients.
287 downloads
Form 1099-S
This form is used to report real estate transaction proceeds.
236 downloads
Form 1099-SA
This form is used to report distributions from health or medical savings accounts.
218 downloads
Form 1099-SB
This form is used to report life insurance policy transfers to the IRS and recipients.
220 downloads
1099int

Form 1099 INT meaning is a tax form the IRS provides that allows payers to report interest income of $10 or greater to individuals or organizations. This includes interest earned from a bank account, dividends from insurance policies, and interest from government bonds. Form 1099 INT is important for taxpayers because it affects their taxable income.

When To Use a Form 1099-INT

A 1099-INT from bank is primarily used when interest income thresholds are met:

  1. Issuers. Financial entities must send 1099-INT if their interest to an account holder surpasses $10 within a tax year. 

  2. Recipients. A 1099 INT from IRS must be included in annual tax filings.

Not reporting this interest income correctly may result in inconsistencies in tax returns and possible audits or fines. 

Parties Involved

When discussing a 1099 INT, it's essential to identify who is involved:

  • Payer. This is a financial entity tasked with providing interest to account holders. 
  • Recipient. The individual or business entity receiving interest income.
  • IRS. The governing body that requires and processes a 1099-INT form 2025.

Key Terms

Understanding a 1099 INT form involves several key terms, including:

  • Interest Income. Money earned from savings accounts, certificates of deposit (CDs), or other accounts.
  • Payer. Entity or institution providing the interest income.
  • Threshold. The minimum income ($10) is needed to issue a form 1099-INT.

How To Create a Form 1099-INT

Creating a 1099-INT form involves ensuring all information is complete and accurate. 

  1. Access the Tool. The PDF tool on Lawrina facilitates straightforward completion of the IRS form 1099-INT. 
  2. Input Details. Enter the recipient's name, address, and Taxpayer Identification Number (TIN), as in the 1099-INT example.
  3. Report Income. Include the total interest paid, specifying any taxable and non-taxable totals.
  4. Validation. Review and verify all entries to ensure they accurately reflect interest payable records.
  5. Download and Submit. Finalize the IRS 1099 INT, download, and distribute copies as needed — one for the recipient, one for payer records, and one for IRS submission.