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U.S. income Tax Return for an S Corporation) Do not file this form unless the corporation has filed or is1120S, “, ×Depart 'rent of the Treasury internal Revenue Service OMB No. 15450123,20For
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i rquot i lt9 refers to the IRS Form 1099-INT, which is used to report interest income earned by individuals.
Banks, credit unions, and other financial institutions are required to file Form 1099-INT if they pay $10 or more in interest to an individual during the calendar year.
To fill out Form 1099-INT, report the payer's and recipient's information, the amount of interest paid, and any federal income tax withheld.
The purpose of Form 1099-INT is to report interest income to the IRS and to inform recipients of the interest they must report on their tax returns.
Information that must be reported on Form 1099-INT includes the payer's name and TIN, the recipient's name and TIN, the amount of interest paid, and any federal income tax withheld.
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