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1099-OID

Interest Income and Original Issue Discount

About Form 1099-OID

File Form 1099-INT, Interest Income, for each person:

  1. To whom you paid amounts reportable in boxes 1, 3, or 8 of at least $10 (or at least $600 of interest paid in the course of your trade or business described in the instructions for Box 1. Interest Income, later);
  2. For whom you withheld and paid any foreign tax on interest; or
  3. From whom you withheld (and did not refund) any federal income tax under the backup withholding rules regardless of the amount of the payment.
IRS Instructions for Form 1099-OID

1099-OID Forms

We've made it easy to file your 1099-OID forms. Simply create a Yearli Performance or Premier account, enter or import your data, review your data and checkout. It's that easy. Yearli will file your forms to the IRS, applicable state agency and send copies to your recipients.

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Pricing reflects estimated cost to file W-2, 1099 & 1095 forms. Price also includes federal e-file, state reporting (where applicable), recipient print and mail. Peak Pricing may apply. View detailed pricing for complete pricing.
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Who Files?

For any person for whom you withheld and paid any foreign tax on OID (Original Issue Discount) from whom you withheld (and did not refund) any federal income tax.

What to Report?

Interest payments made in the course of your trade or business including Fed, state, and local government agencies & activities deemed nonprofit.

Why File?

In many instances IRS penalties for not filing correct information returns (Code Section 6721) or correct payee statements (Code Section 6722) may apply.

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ELIZABETH I. | January 24, 2024
LOVE how easy friendly this is. 4 year old customer
Cindy L. | January 24, 2024
Quick and super easy to file! I have used it for my personal business and a business I work for. We love the easy flow of data entry!
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