Instructions for Forms 1099-INT and 1099-OID - Introductory Material

Future Developments

For the latest information about developments related to Forms 1099-INT and 1099-OID and their instructions, such as legislation enacted after they were published, go to or

What's New

New reporting requirements.   There are new reporting requirements for a debt instrument that is a covered security under Regulations section 1.6045-1(a)(15)(i)(C) and that is acquired by a taxpayer with market discount, bond premium, or acquisition premium. See TD 9616, available at For more information, see the instructions for boxes 10 and 11 under Specific Instructions for Form 1099-INT and the instructions for boxes 5 and 6 under Specific Instructions for Form 1099-OID, later.


General Instructions.   In addition to these specific instructions, you should also use the 2014 General Instructions for Certain Information Returns. Those general instructions include information about the following topics.
  • Who must file (nominee/middleman).

  • When and where to file.

  • Electronic reporting requirements.

  • Corrected and void returns.

  • Statements to recipients.

  • Taxpayer identification numbers.

  • Backup withholding.

  • Penalties.

  • Other general topics.

You can get the general instructions at or or by calling 1-800-TAX-FORM (1-800-829-3676).

Nonresident aliens.

If you pay U.S. bank deposit interest of at least $10 to certain nonresident alien individuals, report the interest on Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding. To determine whether an information return is required for original issue discount, see Regulations 1.6049-5(f) and 1.6049-8(a). This interest may be subject to backup withholding. See the Instructions for Form 1042-S. Also see Rev. Proc. 2012-24, 2012-20 I.R.B. 913, available at

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