Publication 1212 - Introductory Material
Sections I-A through III-G available online. The original issue discount tables, Sections I-A through III-G, are now only available on the IRS website at
www.irs.gov/formspubs/article/0,,id=109875,00.html. The tables are posted to
the website in late November or early December of each year.
Publication 1212 no longer revised annually. Pages 1 through 16 of Publication 1212 will no longer be revised annually. See the above website for Sections I-A through
III-G.
Section III-B Student Loan Marketing Association. Short-term obligations reported in Section III-B have been discontinued by the Student Loan Marketing Association.
Photographs of Missing Children
The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of
missing children
selected by the Center may appear in this publication on pages that would otherwise be blank. You can help bring these children
home by looking at the
photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.
This publication has two purposes. Its primary purpose is to help brokers and other middlemen identify publicly offered original
issue discount
(OID) debt instruments they may hold as nominees for the true owners, so they can file Forms 1099-OID or Forms 1099-INT as
required. The other purpose
of the publication is to help owners of publicly offered OID debt instruments determine how much OID to report on their income
tax returns.
The list of publicly offered OID debt instruments (OID list) is on the IRS website (see What's New on page 1). The information on this
list comes from the issuers of the debt instruments and from financial publications and is updated annually. (However, see
Debt Instruments Not
on the OID List, later.)
Brokers and other middlemen can rely on this list to determine, for information reporting purposes, whether a debt instrument
was issued at a
discount and the OID to be reported on information returns. However, because the information in the list has generally not
been verified by the IRS as
correct, the following tax matters are subject to change upon examination by the IRS.
Instructions for issuers of OID debt instruments.
In general, issuers of publicly offered OID debt instruments must, within 30 days after the issue date, report information
about the instruments to
the IRS on Form 8281, Information Return for Publicly Offered Original Issue Discount Instruments. See the form instructions
for more information.
Issuers should report errors in and omissions from the list in writing at the following address:
Internal Revenue Service
OID Publication Project
SE:W:CAR:MP:T
1111 Constitution Ave. NW, IR-6406
Washington, D.C. 20224
REMIC and CDO information reporting requirements.
Brokers and other middlemen must follow special information reporting requirements for real estate mortgage investment
conduits (REMIC) regular and
collateralized debt obligations (CDO) interests. The rules are explained in Publication 938, Real Estate Mortgage Investment
Conduits (REMICs)
Reporting Information.
Holders of interests in REMICs and CDOs should see chapter 1 of Publication 550 for information on REMICs and CDOs.
Comments and suggestions.
We welcome your comments about this publication and your suggestions for future editions.
You can email us at
*[email protected]. (The asterisk must be included in the address.) Please put “
Publications Comment” on
the subject line.
You can write to us at the following address:
Internal Revenue Service
Tax Forms and Publications
SE:W:CAR:MP:T:B
1111 Constitution Ave. NW, IR-6406
Washington, D.C. 20224
We respond to many letters by telephone. Therefore, it would be helpful if you would include your daytime phone number,
including the area code, in
your correspondence.
Useful Items - You may want to see:
Publication
-
515
Withholding of Tax on Nonresident Aliens and Foreign Entities
-
550
Investment Income and Expenses
-
938
Real Estate Mortgage Investment Conduits (REMICs) Reporting Information
Form (and Instructions)
-
1096
Annual Summary and Transmittal of U.S. Information Returns
-
1099-B
Proceeds From Broker and Barter Exchange Transactions
-
1099-INT
Interest Income
-
1099-OID
Original Issue Discount
-
Schedule B (Form 1040)
Interest and Ordinary Dividends
-
Schedule D (Form 1040)
Capital Gains and Losses
-
W-8
Instructions for the Requester of Forms W-8BEN, W-8ECI, W-8EXP, and W-8IMY
See How To Get Tax Help near the end of the text for information about getting publications and forms.
