Скачать или смотреть What Is a 1099-INT Form and What Is a 1099-INT Form Used For?

In this video, Logan Allec, CPA tells you what Form 1099-INT is, what to do with it if you get one, and why the IRS has this form in the first place. He explains the difference between taxable income and tax-exempt income. Logan also answers an important question: Do you or your business need to send a Form 1099-INT? If you paid interest, you might. Logan tells you what the deadlines are for sending out this form, which may be mandatory for you or your business. Finally he gives a quick explanation of the related Form 1099-OID.

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Table of Contents:
0:40 What Is Form 1099-INT?
1:10 Who Gets a Form 1099-INT?
2:48 What Is the Purpose of a Form 1099-INT?
3:15 Taxable Interest vs. Tax-Exempt Interest
4:28 Do You Need To Send Out a Form 1099-INT If You Paid Interest?
6:43 Form 1099-INT Deadlines
8:30 What Does the IRS Do With Form 1099-INT?
9:11 A Quick Explanation of Form 1099-OID
9:57 A Quick Summary: What We Learned

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#tax #taxes #taxforms