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

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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 www.irs.gov/form1099int or www.irs.gov/form1099oid.

What's New

Nonresident aliens.   Interest aggregating $10 or more paid to certain nonresident alien individuals is reportable on Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding. See TD 9584, 2012-20 I.R.B. 900 available at www.irs.gov/irb/2012-20_IRB/ar07.html, for more information.

Truncating recipient’s identification number on paper payee statements.   Pursuant to proposed regulations §§ 1.6042-4(b) and 301.6109-4 (REG-148873-09), all filers of Forms 1099-INT and 1099-OID may truncate a recipient’s identification number (social security number (SSN), individual taxpayer identification number (ITIN), or adoption taxpayer identification number (ATIN)) on payee statements. See part M in the 2013 General Instructions for Certain Information Returns.

Reminder

In addition to these specific instructions, you should also use the 2013 General Instructions for Certain Information Returns. Those general instructions include information about the following topics.

  • Backup withholding.

  • Electronic reporting requirements.

  • Penalties.

  • Who must file (nominee/middleman).

  • When and where to file.

  • Taxpayer identification numbers.

  • Statements to recipients.

  • Corrected and void returns.

  • Other general topics.

You can get the general instructions at www.irs.gov.form1099int or www.irs.gov/form1099oid or by calling 1-800-TAX-FORM (1-800-829-3676).

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