When it comes to managing your taxes, understanding the forms you receive is half the battle. Among these, Form 1099-INT stands out if you’ve had any dealings with interest income over the past year.
Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies. Investopedia / ...
When our 1099s for interest and dividends began rolling in during the onset of tax season, many of us received what is called a form 1099 — OID. You may ask yourself “What is this OID? A new ...
Two defendants who received hundreds of thousands of dollars in fraudulent tax refunds have pleaded guilty in federal court. The tax fraud scheme attempted to receive nearly $100 million in fraudulent ...
Interest is the cost to use money. Borrowers pay interest on loans so the money can be used to buy a car, home or other personal need. Banks pay certain account types interest on assets to the bank ...
QI own some U.S. Treasury Inflation Protected Securities (TIPS) that I purchased from Treasury Direct. This year I received a form 1099-OID that shows a negative amount for my 2006 amount of Original ...
A classically trained French hornist by education, Nick Wolny is a managing editor at CNET Group, where he oversees the Perspectives franchise and written branded content across CNET Group's ...
If you have a tax paper from someone other than your employer, you may have received a 1099. But what does the form mean, and why did you receive yours? IRS Form 1099 is informational. This means that ...
April J. Rampton was sentenced to 21 months in federal prison for filing false claims for income tax refunds. She tried appealing her conviction to the Tenth Circuit, but that did not go well. Her ...