Form 1099-INT is used to report interest income. Payers of interest income use this form to report the amount paid to investors at year’s end.
When Do You Need to File 1099-INT?
- File a form for each person you paid amounts reportable in Box 1 for interest income, Box 3 for interest on U.S. Savings Bonds and Treasury Obligations, and Box 8 for tax-exempt interest.
- Each person for whom you withheld or paid any foreign tax on interest must be filed separately.
- File for each person from whom you withheld, without refunding, any federal income tax on the basis of backup withholding rules.
- There is no minimum requirement for this; you must file regardless of the amount of the payment.
Form 1099-INT Deadlines 2020
Forms must be transmitted to the IRS before the deadline. The due date for eFiling for Form 1099-INT is March 31. If the due date falls on a weekend or holiday, it will be due the next business day.