{"id":423,"date":"2020-09-16T11:55:20","date_gmt":"2020-09-16T11:55:20","guid":{"rendered":"https:\/\/www.tax1099.com\/blog\/?p=423"},"modified":"2025-12-30T12:46:29","modified_gmt":"2025-12-30T12:46:29","slug":"what-is-form-1099-oid","status":"publish","type":"post","link":"https:\/\/www.tax1099.com\/blog\/what-is-form-1099-oid\/","title":{"rendered":"What Is Form 1099-OID?"},"content":{"rendered":"<p>The IRS <a href=\"https:\/\/www.tax1099.com\/1099-forms\/efile-form-1099-oid\">Form 1099-OID<\/a>, or original issue discount, needs to be filed for multiple different reasons. The form keeps track of what discounts you may have gotten or money you did not refund.<\/p>\n<h2>When Do You Need to File 1099-OID?<\/h2>\n<ul>\n<li>OID you receive is $10 or more<\/li>\n<li>You withheld foreign tax and paid it; you must file for each person you did this for<\/li>\n<li>You withheld federal income tax and did not pay it back and you used backup withholding rules to do this<\/li>\n<\/ul>\n<h3>Adjust the Amount You Pay if<\/h3>\n<ul>\n<li>The bond was bought at a premium<\/li>\n<li>The obligation is a stripped coupon or bond<\/li>\n<li>The bond was indexed because of inflation<\/li>\n<li>You are a nominee for someone else and that&#8217;s why you received the form<\/li>\n<\/ul>\n<h3>Form 1099-OID Deadlines For 2020<\/h3>\n<p>The following are the <a href=\"https:\/\/www.irs.gov\/forms-pubs\/about-form-1099-oid\">1099-OID<\/a> due dates for each filing type. Forms must be transmitted to the IRS before the deadline.<\/p>\n<ul>\n<li>Recipient copy &#8211; January 31<\/li>\n<li>IRS paper filing &#8211; February 28<\/li>\n<li>IRS eFile &#8211; March 31<\/li>\n<\/ul>\n<p>If a due date falls on a weekend or holiday, it will be due the next business day.<\/p>\n<h3>How to eFile 1099-OID for the Year 2020?<\/h3>\n<p><a href=\"https:\/\/www.tax1099.com\/\">Tax1099<\/a> is the go-to source for your 1099 filings. You can <a href=\"https:\/\/www.tax1099.com\/1099-forms\/efile-form-1099-oid\">eFile Form 1099-OID Online<\/a> for the year 2020 using Tax1099. Don\u2019t wait for the deadline \u2013 eFile Now!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IRS Form 1099-OID, or original issue discount, needs to be filed for multiple different reasons. The form keeps track of what discounts you may have gotten or money you did not refund. When Do You Need to File 1099-OID? OID you receive is $10 or more You withheld foreign tax and paid it; you [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[8,9,11,58,40,21,59,35],"class_list":["post-423","post","type-post","status-publish","format-standard","hentry","category-1099-forms","tag-8","tag-1099-form","tag-1099-forms","tag-1099-oid","tag-different-types-of-1099-forms","tag-form-1099","tag-form-1099-oid","tag-types-of-1099-forms"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is Form 1099-OID | Filing Requirements | How To eFile For 2020<\/title>\n<meta name=\"description\" content=\"1099-OID, original issue discount needs to be filed for different reasons. 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