1099-INT Copy C

#4 01-24-2005, 08:04 PM

Arthur Kamlet" <kamlet[at]panix.com> wrote:

- quote -

> So what gets done with other 1099s when they report federal
> income withheld? ex: 1099-INT, 1099-DIV, SSA-1099, ....

In years past, but not currently,there was a check box on
page 2 next to the Withholding entry line.

This tipped an examiner to use a special tolerance rule when
manually verifying the W/H credit to the attached W-2, W-2p
& 1099-R to SUM in W/H on the information returns sent by
the payers.

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#3 01-24-2005, 04:29 AM

Barry Margolin <barmar[at]alum.mit.edu> wrote:
- quote -

> Ponty <name[at]domain.tld> wrote:

> > Does Copy C of 1099-INT get filed with the tax return (in
> > this case for a C corp) or is it only for the convenience of
> > the payer?

> It's just for you. The forms you file with the tax return
> are W-2, W-2G, and 1099-R. See the middle-left of the first
> page of the 1040, where it says which forms to attach.

So what gets done with other 1099s when they report federal
income withheld? ex: 1099-INT, 1099-DIV, SSA-1099, ....

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

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#2 01-22-2005, 07:07 PM

Ponty <name[at]domain.tld> writes:

- quote -

> Does Copy C of 1099-INT get filed with the tax return

No

Phil Marti
Clarksburg, MD

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#1 01-22-2005, 06:47 PM

Ponty <name[at]domain.tld> wrote:

- quote -

> Does Copy C of 1099-INT get filed with the tax return (in
> this case for a C corp) or is it only for the convenience of
> the payer?

It's just for you. The forms you file with the tax return
are W-2, W-2G, and 1099-R. See the middle-left of the first
page of the 1040, where it says which forms to attach.

--
Barry Margolin, barmar[at]alum.mit.edu
Arlington, MA

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01-22-2005, 06:28 PM

Ponty wrote:

- quote -

> Does Copy C of 1099-INT get filed with the tax return (in
> this case for a C corp) or is it only for the convenience of
> the payer?
> After I filled out 1099-INT I noticed that Copy C was so
> faint it's unreadable (despite having used an IBM Selectric,
> which usually pounds through anything--and this was only one
> copy).
> I don't have any more 1099-INT forms and would like to avoid
> getting and filling out another one, so if it's only for
> internal company use, I can just as easily make a photocopy
> of Copy A.

That's it! photocopy copy A to retain for your corporate
files. In fact 1099's I print for client copies are all
printed on plain paper, thus saving a form.

ChEAr$,
Harlan Lunsford, EA n LA
Fri 21 Jan 2005

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#-1 01-21-2005, 01:59 PM

Does Copy C of 1099-INT get filed with the tax return (in
this case for a C corp) or is it only for the convenience of
the payer?

After I filled out 1099-INT I noticed that Copy C was so
faint it's unreadable (despite having used an IBM Selectric,
which usually pounds through anything--and this was only one
copy).

I don't have any more 1099-INT forms and would like to avoid
getting and filling out another one, so if it's only for
internal company use, I can just as easily make a photocopy
of Copy A.

Thank you,
Ponty

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