Prudential 1099 Int PDF Details

As a taxpayer, it is important to be aware of the various tax forms you may receive during the tax filing season. The Prudential 1099 int form is one such form that you may encounter. This form reports interest income earned on financial products such as certificates of deposit, savings accounts, and money market accounts. It is important to ensure that the information reported on this form is correct, as it can impact your tax liability. If you have questions about the Prudential 1099 int form or any other tax form, be sure to consult with a qualified tax professional.

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QuestionAnswer
Form NamePrudential 1099 Int
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesprudential 1099 forms download, prudential 1099 r, prudential tax documents, prudential 1099 int

Form Preview Example

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

 

I.D. NO.

22-2222222

RECIPIENT’S NAME I.D. NO. 123-45-6789

DATE 1/25/02

 

 

 

 

 

2001 1099-INT INTEREST INCOME

OMB# 1545-0112

 

ACCOUNT/

 

 

 

BOX 1

BOX 4

 

 

CONTRACT

TAX

CLAIM

PLAN

INTEREST

FEDERAL INCOME TAX

STATE TAX

 

NUMBER

ST

NUMBER

NUMBER

INCOME

WITHHELD

WITHHELD

 

EOS999999

 

 

 

222.39

 

 

 

TOTAL

 

 

 

222.39

 

 

 

 

 

 

 

A

B

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FO RM 1099-IN T

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 W-9, we will also withhold taxes at the backup with- holding rate (if that withholding is at least $1).

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 1099-IN T for any other ty pe of interest pay ment, please consult the “Instructions for Recipient”that accompanied the form and consult y our tax adviser.

59, to reduce y our income tax due.

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