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2012 Form 1099 Int Instructions
For the latest information about developments related to Forms 1099INT and 1099OID and
their instructions, such as legislation enacted after they were 201224, 201220
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How to fill out 2012 form 1099 int
How to fill out 2012 form 1099 int
01
Obtain a copy of the 2012 form 1099 INT from the IRS website or a local IRS office.
02
Gather the required information, including the recipient's name, address, and taxpayer identification number (TIN).
03
Determine the type of interest payment being reported, such as interest on a savings account or a bond.
04
Fill out Box 1 with the total amount of interest income paid to the recipient during 2012.
05
Complete Box 2 with any early withdrawal penalties or foreign tax paid on the interest income, if applicable.
06
Depending on the type of interest, additional boxes may need to be filled out, such as Box 8 for tax-exempt bond interest or Box 9 for market discount.
07
Double-check all the information entered on the form for accuracy.
08
Keep a copy of the completed form for your records and send the original to the recipient and a copy to the IRS.
Who needs 2012 form 1099 int?
01
Individuals or businesses that made payments of at least $10 in interest income to another person or entity during the tax year 2012 need to fill out Form 1099 INT. This form is used to report interest income paid to individuals, partnerships, businesses, and certain other entities.
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