Form 1099-OID is a bit more obscure than most other ... keep track of taxable interest income you must report on your tax return. Do I need to report my 1099-INT on my return?

Therefore, it must be reported on the taxpayer's return, and tax must be paid on it. The lender must also send the debtor a copy of the form. Form 1099-C reports canceled or forgiven debts of $600 ...

Claims and filings that are determined to be frivolous can result in penalties of $5,000 for each copy that claims an ...