Looking for an efficient way to file your 1099-OID online?
IRS approved Tax1099 allows you to eFile your 1099-OID with
security and ease,all online. IRS Form 1099-OID is used to report Original Issue
Discount.
This long-term debt instrument has Original Issue Discount (OID) when it is issued
for a price less than its stated redemption price at maturity (principal
amount). The OID is the difference between the stated redemption price at
maturity and the issue price.
When would you need to file a IRS Form 1099-OID?
For any person for whom you withheld and paid any foreign tax
on OID or from whom you withheld (and did not refund) any federal income tax
under the backup withholding rules, even if the amount of the OID is less
than $10.
If an issuer of a certificate of deposit (CD) made,
purchased, or renewed after 1970
If the CD has OID and a term of more than 1 year, you need to
file this form.
With Tax1099, you can schedule the date that your forms
are transmitted to the IRS. Scheduling your forms gives you time between when we
email/USPS your forms to vendors and when we send the forms to the IRS. This is
useful because your vendors may have edits to make. You can make those changes
in Tax1099 before the scheduled date at no extra charge. We automatically
schedule your IRS eFile transmission at a week away from when you submit, or by
the deadline. You can edit this date to match your preference.
Filing
Type
Due Date
Recipient Copy
Friday - January 31, 2025
IRS eFile
Monday - March 31, 2025
IRS Paper Filing
Friday - Feb 28, 2025
1099-OID eFile Info
Electronically-filed 1099-OID Forms are Directly Transmitted to the IRS
from
Tax1099.
You will receive IRS acknowledgement of your eFile
by email within 3 - 7 business days.
*Read more on Pricing below
The CFSFP Combined Federal State Filing Program allows parts of your federal eFile to be transmitted to the state at no extra charge. Non-participating states must receive a direct file. Learn more about state filing here.
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Note:This coupon is exclusive to new users and valid only for today!
Note:This coupon is exclusive to new users and valid only for today!
Note:This coupon is exclusive to new users and valid only for today!
Note:This coupon is exclusive to new users and valid only for today!