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Fontana California online Form Instruction 1099-INT & 1099-OID: What You Should Know

When making payments of interest from a bond, a holder must include in his payment in the form of a Form 1099-OID. The interest is income for federal income tax purposes. The payment should have a reference on the Form 1099-OID, and you are required to report it on tax returns. How do you file Form 1099-OID? At IRS.gov or by calling. On your tax return, go to the “Payments of Interest” section and complete the “Form 1099-OID” section. The U.S. Social Security Administration (SSA) provides a complete list of the forms it receives that are used to submit interest income (Form 1099-D). These forms help the agency determine eligibility, and they are not generally required to file if the form is not required.

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