What Is a 1099-INT Form and What Is a 1099-INT Form Used For?
8 هزار بار بازدید -
3 سال پیش
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In this video, Logan Allec,
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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Watch Next:
► How to Start Planning for 2021 Tax Season Now: How to Start Preparing For 2021 Tax S...
► Middle-Class Tax Planning Strategies: 5 Middle-Class Tax Planning Strategie...
► Don't Make These Roth IRA Mistakes: 15 ROTH IRA MISTAKES You Never Want t...
► Investing in Real Estate and Taxes: Does Investing in Real Estate REALLY ...
My Tax Software Links:
► TurboTax: https://moneydoneright.com/turbotax
► H&R Block: https://moneydoneright.com/hrblock
► TaxAct: https://www.anrdoezrs.net/click-84174...
► TaxSlayer: https://moneydoneright.com/taxslayer/
Owe the IRS?:
► Tax Relief: Do you owe the IRS more than $10,000 in back taxes? Email me at [email protected] and let me know how much you owe by year as well as a good number to reach you at.
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
I may be compensated if you use the links above.
Money Done Right, Logan Allec, and Allec Media LLC are participants in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.
#tax #taxes #taxforms
Take the Next Step:
► My Taxes + Personal Finance Course (Use Coupon Code YOUTUBE for 50% Off!): https://www.loganallec.com/prosper
My Crypto Channel:
► The Logan Allec Channel: loganallec
Support the Channel:
► Shop Through My Amazon Page: https://www.amazon.com/shop/loganallec
► Free Life Insurance Quotes: https://moneydoneright.com/quotacy-life/
► Get Cash Back on Groceries: https://moneydoneright.com/ibotta
► Get Free Stocks: https://moneydoneright.com/webull/
► Get Free Crypto: https://moneydoneright.com/gemini/
Watch Next:
► How to Start Planning for 2021 Tax Season Now: How to Start Preparing For 2021 Tax S...
► Middle-Class Tax Planning Strategies: 5 Middle-Class Tax Planning Strategie...
► Don't Make These Roth IRA Mistakes: 15 ROTH IRA MISTAKES You Never Want t...
► Investing in Real Estate and Taxes: Does Investing in Real Estate REALLY ...
My Tax Software Links:
► TurboTax: https://moneydoneright.com/turbotax
► H&R Block: https://moneydoneright.com/hrblock
► TaxAct: https://www.anrdoezrs.net/click-84174...
► TaxSlayer: https://moneydoneright.com/taxslayer/
Owe the IRS?:
► Tax Relief: Do you owe the IRS more than $10,000 in back taxes? Email me at [email protected] and let me know how much you owe by year as well as a good number to reach you at.
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
I may be compensated if you use the links above.
Money Done Right, Logan Allec, and Allec Media LLC are participants in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.
#tax #taxes #taxforms
3 سال پیش
در تاریخ 1400/10/09 منتشر شده
است.
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