8 State 9 State identification no. 10 State tax withheld Form 1099-OID Cat. No. 14421R Copy A Internal Revenue Service Center RECIPIENT S name City state and ZIP code Discount File with Form 1096. For Privacy Act and Paperwork Reduction Act Notice see the 2012 General Instructions for Certain Information Returns. In addition the OID rules apply to Treasury inflation-protected securities. See Pub. 550 Investment Income and Expenses for more information. If as the record holder you receive Form...1099-OID showing amounts belonging to another person you are considered a nominee recipient. Complete a Form 1099-OID for each of the other owners showing the amounts allocable to each. File Copy A of the form with the IRS. Furnish Copy B to each owner. Complete a Form 1099-OID for each of the other owners showing the amounts allocable to each. File Copy A of the form with the IRS. Furnish Copy B to each owner. List yourself as the payer and the other owner as the recipient. File Form s 1099-OID...with Form 1096 Annual Summary and Transmittal of U.S. list yourself as the filer. Box 8 10. State income tax withheld reporting. Copy C For Payer General and specific form instructions are provided as separate products. The products you should use to complete 1099-INT and 1099-OID. A chart in the general instructions gives a quick guide to which form must be filed to report a particular payment. To order these instructions and additional forms visit IRS.gov or call 1-800-TAX-FORM 1-800-829-3676....The products you should use to complete 1099-INT and 1099-OID. A chart in the general instructions gives a quick guide to which form must be filed to report a particular payment. To order these instructions and additional forms visit IRS.gov or call 1-800-TAX-FORM 1-800-829-3676. Caution Because paper forms are scanned during processing you cannot file with the IRS Forms 1096 1097 1098 1099 3921 3922 or 5498 that you print from the IRS website. VOID CORRECTED PAYER S name street address city...state ZIP code and telephone no. 1 Original issue discount for OMB No. 1545-0117 2 Other periodic interest 1099-OID Form 3 Early withdrawal penalty 4 Federal income tax withheld PAYER S federal identification number RECIPIENT S identification number 5 Description Street address including apt. no. 7 Investment expenses Account number see instructions 2nd TIN not. See the Instructions for Form 1042-S and Pub. 515 Withholding of Tax on Nonresident Aliens and Foreign Entities. Need help If you have...questions about reporting on Form 1099-OID call the information reporting customer service site toll free at 1-866-455-7438 or 304-263-8700 not toll free. Need help If you have questions about reporting on Form 1099-OID call the information reporting customer service site toll free at 1-866-455-7438 or 304-263-8700 not toll free. For TTY/TDD equipment call 304-579-4827 not toll free. The hours of operation are Monday through Friday from 8 30 a.m. to 4 30 p.m. Eastern time. Attention This form is...provided for informational purposes only. Copy A appears in red similar to the official IRS form* Do not file copy A downloaded from this website.
pdfFiller is not affiliated with IRS
Get, Create, Make, and Sign IRS 1099-OID
Edit your IRS 1099-OID online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your IRS 1099-OID via URL. You can also download, print, or export forms to your preferred cloud storage service.
Instructions and Help about IRS 1099-OID
How to edit IRS 1099-OID
How to fill out IRS 1099-OID
Instructions and Help about IRS 1099-OID
How to edit IRS 1099-OID
To edit the IRS 1099-OID form, ensure you have a digital copy saved on your device. Use editing tools available in pdfFiller to modify the text as needed. Make sure to double-check all changes for accuracy and compliance with IRS guidelines before saving the final version.
How to fill out IRS 1099-OID
To fill out the IRS 1099-OID, start by entering the payer's and recipient's information. Include the name, address, and taxpayer identification number (TIN) of both parties. Next, insert the original issue discount (OID) amount, and any other relevant financial data according to IRS specifications. Ensure that all fields are accurately completed to prevent penalties or processing delays.
About IRS 1099-OID 2012 previous version
What is IRS 1099-OID?
What is the purpose of this form?
Who needs the form?
When am I exempt from filling out this form?
Components of the form
What are the penalties for not issuing the form?
What information do you need when you file the form?
Is the form accompanied by other forms?
Where do I send the form?
About IRS 1099-OID 2012 previous version
What is IRS 1099-OID?
The IRS 1099-OID form, formally known as the "Original Issue Discount Information Statement," is used to report original issue discount (OID) income. OID usually arises when bonds or other debt instruments are issued at a discount to their face value. This form is essential for individuals and entities that receive this type of income as it informs the IRS about the amount earned during the tax year.
What is the purpose of this form?
The purpose of the IRS 1099-OID form is to detail interest income earned from discounted financial instruments. The IRS uses this information for correct income tracking and tax assessment. Recipients must report the OID income on their tax returns, ensuring compliance with tax regulations.
Who needs the form?
Individuals or entities that receive OID income are required to fill out this form. This often includes investors holding bonds or other debt instruments issued below par value. Additionally, financial institutions that issue these bonds are responsible for reporting the OID for the IRS and the recipient.
When am I exempt from filling out this form?
You may be exempt from filing IRS 1099-OID if the total OID amount is below $10 for the tax year. Additionally, if the payment is made to certain types of entities or under specific conditions established by the IRS, it may not require this form. Always consult the current IRS guidelines to confirm eligibility for exemption.
Components of the form
The IRS 1099-OID form includes several key components: the payer's information, recipient's information, the amount of OID, and any additional information relevant to the transaction. The form also contains multiple boxes to detail different aspects of the payment and the recipient's tax identification number. Accurate completion of these sections is vital for both the sender and receiver.
What are the penalties for not issuing the form?
Failure to issue the IRS 1099-OID form can lead to significant penalties imposed by the IRS. The penalty amount can vary depending on how late the form is filed and whether or not the failure was intentional. In general, penalties can range from $50 to $270 per form, with higher amounts for intentional disregard of the filing requirement.
What information do you need when you file the form?
When filing the IRS 1099-OID, you need the payer's name, address, and TIN; the recipient's name, address, and TIN; and the total OID amount for the tax year. Additionally, if applicable, you may need to provide information related to other types of income connected to the OID and specific transaction details.
Is the form accompanied by other forms?
The IRS 1099-OID may not necessarily be accompanied by other forms unless there are additional reporting requirements associated with the income. Typically, it is submitted along with other 1099 forms if necessary, like 1099-INT for interest income. Always ensure that all related forms are filed according to IRS regulations.
Where do I send the form?
Send the completed IRS 1099-OID form to the appropriate address as specified by IRS guidelines, which can vary based on the filing method and state of residence. If filed electronically, follow the submission protocols outlined by the IRS. Be sure to retain copies for your records as proof of filing.
FAQ about IRS 1099-OID
What should I do if I need to correct a mistake on my 1099 OID 2012 form?
To correct an error on a 1099 OID 2012 form, you must file a corrected version of the form, indicating that it is a correction on the top of the form. Make sure to include the correct information and submit it to the IRS and recipients. It's crucial to address mistakes promptly to avoid any potential penalties.
How can I verify the receipt of my submitted 1099 OID 2012 form?
You can verify the receipt of your submitted 1099 OID 2012 form by checking the IRS e-file status, if you submitted electronically. The IRS typically sends an acknowledgment of receipt within 48 hours. Keep a copy of your submission and any confirmation for your records.
What should I do if my e-filed 1099 OID 2012 form gets rejected?
If your e-filed 1099 OID 2012 form is rejected, review the error codes provided by the IRS to understand the reasons for rejection. Correct any issues based on the feedback and resubmit as soon as possible. Make sure to track your resubmission to ensure it is accepted.
Are e-signatures acceptable for the 1099 OID 2012 form?
Yes, e-signatures are generally acceptable for the 1099 OID 2012 form as long as they meet the IRS's e-signature requirements, ensuring authenticity and integrity. Ensure that your e-signature solution complies with IRS regulations to facilitate smooth processing of the form.
What documentation should I prepare if I receive an IRS notice regarding my 1099 OID 2012 form?
If you receive an IRS notice concerning your 1099 OID 2012 form, prepare relevant documentation such as copies of the submitted forms, any correspondence from the IRS, and supporting records that validate the entries made on the form. Respond promptly to the notice with all requested documents to resolve any issues.
Use this catalog to find any type of IRS forms. We've gathered all of them under this section uncategorized to help you to find a proper form faster. Once you spot it on this list, have a look at the versions and schedules you might need as attachments. All returns are available for 2016 and for previous fiscal years.
