In the realm of financial documentation, the Prudential 1099 INT form stands as a crucial document for individuals who have earned interest income within a given tax year. This form, dispatched by the Internal Revenue Service (IRS), meticulously records the amount of interest income one has received, pivotal for ensuring accurate tax filings. The form outlines various sections, including the payer's information, recipient's details, and the sum of interest income received—essential data for both the payee and the IRS. It serves multiple purposes, including recording interest from delayed annuity payments, dividend accumulations, bank accounts, and Certificates of Deposit (CDs). The document also details federal income tax withheld, acting as a testament to backup withholding, which may apply under certain conditions, such as failure to provide a Taxpayer Identification Number (TIN) or being subject to IRS-imposed backup withholding for other reasons. With its comprehensive breakdown of interest income and withholdings, the Prudential 1099 INT form is an invaluable asset for individuals navigating their tax obligations, offering a clear snapshot of taxable interest that could influence one's tax liabilities and potential refunds.
| Question | Answer |
|---|---|
| Form Name | Prudential 1099 Int |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | prudential 1099 forms download, prudential 1099 r, prudential tax documents, prudential 1099 int |
TAX STATEMENT: COPY B FOR RECIPIENT/PARTICIPANT
PAYER’S NAME, ADDRESS, ZIP CODE AND FEDERAL I.D. NO. |
CUSTOMER NAME, ADDRESS AND ZIP CODE |
Department of the Treasury - Internal Revenue Service
PRUDENTIAL |
JOHN DOE |
PAYER’S FEDERAL |
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I.D. NO. |
RECIPIENT’S NAME I.D. NO.
DATE 1/25/02
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2001 |
OMB# |
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ACCOUNT/ |
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BOX 1 |
BOX 4 |
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CONTRACT |
TAX |
CLAIM |
PLAN |
INTEREST |
FEDERAL INCOME TAX |
STATE TAX |
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NUMBER |
ST |
NUMBER |
NUMBER |
INCOME |
WITHHELD |
WITHHELD |
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EOS999999 |
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222.39 |
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TOTAL |
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222.39 |
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B |
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FO RM
I nt er est I ncome
W hy you may r eceive t his for m: If you received interest because of a delayed annuity payment or if you are credited interest on dividend accumulations and the amount of interest exceeds the reporting threshold. You would also receive this form for interest earned on bank accounts, CDs, etc. When the interest is being paid as a result of delayed disbursement, and you had not previously provided us with a Form
AI nt er est I ncome in Box 1
This is the amount of interest subject to tax. You would include this amount on Part I, Schedule B (Form 1040) if y ou are required to complete this form. Totals from Schedule B or total interest if y ou are not required to complete Schedule B will be entered on Form 1040, line 8a.
BFeder al I ncome Tax W it hheld
An amount reported here represents backup withholding. Mandatory backup withholding may be imposed when rules regarding taxpayer identification numbers (usually a Social Security number) are not met by the individual, or if you have been notified by the IRS that you are subject to backup withholding. We will also notify you if the IRS instructs us to withhold on our payments to you. The rate for backup withholding was reduced to 30.5% in August 2001. This rate is scheduled to be reduced slightly over the next few years. You can include this amount on Form 1040, line
If y ou received Form
59, to reduce y our income tax due.
