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Other direction: the entity giving you the income is responsible for supplying the 1099-INT statement in January. That said, they could be required to supply a
by dsr_ 9mo ago
Other direction: the entity giving you the income is responsible for supplying the 1099-INT statement in January.
That said, they could be required to supply a copy electronically directly to the IRS and the IRS could calculate your taxes for you. Change the responsibility for correctness from the taxpayer to the government, and offer an incentive to catch a mistake.
- gruez 9mo ago>Other direction: the entity giving you the income is responsible for supplying the 1099-INT statement in January. How does that work when gift cards aren't registered to anybody, and can be transferred between people without the issuer knowing about it?