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Application FormInterest Payment Notes for completing this form If you are completing this form manually: Please complete each section of this form, in black ink using BLOCK CAPITALS You will note

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What is interest payment?

Interest payment is the amount of money paid by a borrower to a lender for the privilege of using the lender's money.

Who is required to file interest payment?

Any individual or entity that has paid or received interest in a tax year may be required to file interest payment.

How to fill out interest payment?

Interest payment is usually reported on a Form 1099-INT and filed with the IRS.

What is the purpose of interest payment?

The purpose of interest payment is to compensate the lender for the opportunity cost of lending money.

What information must be reported on interest payment?

Information such as the name and address of the borrower, the amount of interest paid, and the lender's information must be reported on interest payment.

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