Get Irs Instruction 1099-int & 1099-oid 2012
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Yes, there is a significant difference between a 1099 and a 1099-INT. A 1099 form is a broad category used to report various types of income other than wages, salaries, and tips, while a 1099-INT specifically reports interest income. The 1099-INT details interest accrued on savings, loans, or investment accounts. Understanding these distinctions is essential for accurate tax filing under IRS Instruction 1099-INT & 1099-OID.
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