File IRS Form 1099-OID online

Form 1099-OID reports the original issue discount (OID) from certain financial instruments, such as bonds or other debt instruments issued at a discount from their face value.

Issuers of OID instruments in the United States must file a 1099-OID with the IRS for each holder they credit more than $10 in OID over the course of a tax year. However, certain exemptions may apply based on the type of issuer or the nature of the instrument.

A business must file a 1099-OID when it credits original issue discounts to:

• Bondholders
• Debt instrument holders
• Investors in discount notes
• Other financial instrument holders

Yes. You can e-file Form 1099-OID through the IRS website or by mail. You may also use Avalara 1099 & W-9 to streamline the e-filing process and help prevent costly errors.

• Send copies to recipients by January 31.
• E-file with the IRS by March 31.

When these dates fall on a weekend or holiday, the deadline shifts to the next business day.

It depends. Some states require you to file Form 1099-OID directly, especially if state income tax was withheld or if you’re not using the IRS Combined Federal/State Filing Program (CF/SF). Requirements, deadlines, and formats vary by state.