Instructions for Form 1099-INT & 1099-OID |
2006 Tax Year |
Instructions for Forms 1099-INT and 1099-OID - Main Contents
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Specific Instructions for Form 1099-INT
File Form 1099-INT, Interest Income, for each person:
-
To whom you paid amounts reportable in boxes 1, 3, and 8 of at least $10 (or at least $600 of interest paid in the course
of your trade or
business described in the instructions for Box 1. Interest Income on page INT-2),
-
For whom you withheld and paid any foreign tax on interest, or
-
From whom you withheld (and did not refund) any federal income tax under the backup withholding rules regardless of the amount
of the
payment.
Report only interest payments made in the course of your trade or business including federal, state, and local government
agencies and activities
deemed nonprofit, or for which you were a nominee/middleman. Report tax-exempt interest, including exempt-interest dividends
from a regulated
investment company (RIC), only on Form 1099-INT. Do not report tax-exempt interest on Form 1099-OID. Report interest that
is treated as original issue
discount (OID) in box 1 or 6 of Form 1099-OID, Original Issue Discount, not on Form 1099-INT.
Canadian nonresident aliens.
If you pay U.S. bank deposit interest of at least $10 to a nonresident alien who resides in Canada, you may have
to report the interest on Form
1042-S, Foreign Person's U.S. Source Income Subject to Withholding. This interest is not subject to backup withholding. See
the Instructions for Form
1042-S.
Exceptions to reporting.
No Form 1099-INT is required to be filed for payments made to exempt recipients or for interest excluded from reporting.
Exempt recipients.
You are not required to file Form 1099-INT for payments made to certain payees including but not limited to a corporation,
a tax-exempt
organization, any IRA, Archer MSA, or health savings account (HSA), a U.S. agency, a state, the District of Columbia, a U.S.
possession, a registered
securities or commodities dealer, nominees or custodians, brokers, or notional principal contract (swap) dealers. For additional
exempt recipients,
see Regulations section 1.6049-4 for more information.
Interest excluded from reporting.
You are not required to file Form 1099-INT for interest on an obligation issued by an individual, interest on amounts
from sources outside the
United States paid outside the United States by a non-U.S. payer or non-U.S. middleman, certain portfolio interest, interest
on an obligation issued
by an international organization and paid by that organization, and payments made to a foreign beneficial owner or foreign
payee. See Regulations
section 1.6049-5 for more information.
Other exception.
Do not report tax-deferred interest, such as interest that is earned but not distributed from an IRA.
When is a payment made?
Generally, interest is paid when it is credited or set apart for a person without any substantial limitation or restriction
as to the time, manner,
or condition of payment. The interest must be made available so that it may be drawn on at any time and its receipt brought
within the control and
disposition of the person.
For payments made on obligations subject to transactional reporting (for example, savings bonds, interest coupons,
and other demand obligations),
interest is paid at the time the obligation is presented for payment. For example, interest on a coupon detached from a bond
is paid when it is
presented for payment.
Reporting interest and OID.
If you are reporting interest and original issue discount (OID) on any obligation, you may report both the taxable
interest and the OID on Form
1099-OID. It is not necessary to file both Forms 1099-INT and 1099-OID. On Form 1099-OID, report the interest in box 2 and
the OID in box 1 or 6.
However, you may choose to report the interest on Form 1099-INT and the OID on Form 1099-OID.
Statements to recipients.
If you are required to file Form 1099-INT, you must furnish a statement to the recipient. For more information about
the requirement to furnish an
official form or acceptable substitute statement to recipients in person, by statement mailing, or electronically, see part
M in the 2006 General
Instructions for Forms 1099, 1098, 5498, and W-2G. If you have furnished Forms 1099-INT to a recipient for amounts received
during the year at the
time of the transaction, such as you might have done for window transactions, do not include these same amounts in a Form
1099-INT furnished to the
same recipient for other payments during the year.
Account number.
The account number is required if you have multiple accounts for a recipient for whom you are filing more than one
Form 1099-INT. Additionally, the
IRS encourages you to designate an account number for all Forms 1099-INT that you file. See part L in the 2006 General Instructions
for Forms 1099,
1098, 5498, and W-2G.
2nd TIN not.
You may enter an “ X” in this box if you were notified by the IRS twice within 3 calendar years that the payee provided an incorrect taxpayer
identification number (TIN). If you mark this box, the IRS will not send you any further notices about this account. However,
if you received both IRS
notices in the same year, or if you received them in different years but they both related to information returns filed for
the same year, do not
check the box at this time. For purposes of the two notices in 3-year rule, you are considered to have received one notice.
You are not required to
send a second “ B” notice upon receipt of the second notice. See part N in the 2006 General Instructions for Forms 1099, 1098, 5498, and W-2G
for
more information.
For information on the TIN matching system offered by the IRS, see page GEN-3 in the 2006 General Instructions for Forms 1099,
1098, 5498, and
W-2G.
Payer's RTN (optional).
If you are a financial institution that wishes to participate in the program for direct deposit of refunds, you may
enter your routing and transit
number (RTN).
Enter interest not included in box 3. Include amounts of $10 or more, whether or not designated as interest, that are paid
or credited to the
person's account by savings and loan associations, mutual savings banks not having capital stock represented by shares, building
and loan
associations, cooperative banks, homestead associations, credit unions, or similar organizations. Include interest on bank
deposits, accumulated
dividends paid by a life insurance company, indebtedness (including bonds, debentures, notes, and certificates other than
those of the U.S. Treasury)
issued in registered form or of a type offered to the public, or amounts from which you withheld federal income tax or foreign
tax. In addition,
report interest of $10 or more accrued to a real estate mortgage investment conduit (REMIC) or financial asset securitization
investment trust (FASIT)
regular interest holder or paid to a collateralized debt obligation (CDO) holder, as explained below.
Also include interest of $600 or more paid in the course of your trade or business not meeting the above criteria, such as
interest on delayed
death benefits paid by a life insurance company, interest received with damages, interest on a state or federal income tax
refund, or interest
attributable to a swap with significant nonperiodic payments.
Include in box 1 any accrued interest on bonds sold between interest dates (or on a payment date). Also show OID on short-term
obligations of 1
year or less and interest on all bearer certificates of deposit.
Do not include in box 1 interest on tax-free covenant bonds or dividends from money market funds (which are reportable on
Form 1099-DIV). Do not
include any description in box 1, but if you wish to show a description, use the blank box above box 1.
Interest from clean renewable energy bonds and Gulf bonds.
Report amounts of $10 or more on clean renewable energy bonds and Gulf bonds. Treat these amounts as paid on the credit
allowance date. The credit
allowance dates are March 15, June 15, September 15, December 15, and the last day on which the bond is outstanding. For bonds
issued during the
3-month period ending on a credit allowance date and for bonds which are redeemed or mature, the amount of the credit is determined
ratably based on
the portion of the 3-month period during which the bond is outstanding.
Generally, interest paid is not required to be reported to the list of recipients below. However, if they are holders
of clean renewable energy
bonds or Gulf bonds, the interest must be reported.
-
A corporation,
-
A dealer in securities or commodities required to register as such under the laws of the United States, a state, the District
of Columbia,
or a possession of the United States,
-
A real estate investment trust as defined in section 856,
-
An entity registered at all times during the tax year under the Investment Company Act of 1940,
-
A common trust fund as defined in section 584(a), or
-
Any trust which is exempt from tax under section 664(c).
Box 2. Early Withdrawal Penalty
Enter interest or principal forfeited because of an early withdrawal of time deposits, such as an early withdrawal from a
certificate of deposit
(CD), that is deductible from gross income by the recipient. Do not reduce the amount reported in box 1 by the amount of the
forfeiture. For detailed
instructions for determining the amount of forfeiture deductible by the depositor, see Rev. Ruls. 75-20, 1975-1 C.B. 29, and
75-21, 1975-1 C.B. 367.
Box 3. Interest on U.S. Savings Bonds and Treas. Obligations
Enter interest on U.S. Savings Bonds, Treasury bills, Treasury notes, and Treasury bonds. Do not include in box 1.
If you make payment on a U.S. Savings Bond or other U.S. obligation on which interest is reportable, enter your name, address,
and federal
identification number on Form 1099-INT and Form 1096, Annual Summary and Transmittal of U.S. Information Returns, not those
of the U.S. Treasury
Department or the Bureau of Public Debt.
Box 4. Federal Income Tax Withheld
Enter backup withholding. For example, if a recipient does not furnish its TIN to you in the manner required, you must backup
withhold at a 28%
rate on payments required to be reported in box 1 (which may be reduced by the amount reported in box 2), box 3, and box 8
on this form.
For information on requesting the recipient's TIN, see part J in the 2006 General Instructions for Forms 1099, 1098, 5498,
and W-2G.
Box 5. Investment Expenses
For single-class REMICs only, see Box 5. Investment Expenses under Rules for REMICs, FASITs, and Issuers of CDOs below.
Enter any foreign tax withheld and paid on interest. Report this amount in U.S. dollars.
Box 7. Foreign Country or U.S. Possession
Enter the name of the foreign country or U.S. possession to which the withheld tax applies.
Box 8. Tax-Exempt Interest
Enter interest of $10 or more that is credited or paid to the person's account if that interest is used to finance government
operations and is
issued by a state, the District of Columbia, a U.S. possession, an Indian tribal government, or a political subdivision. A
political subdivision
includes port authorities, toll road commissions, utility services authorities, community redevelopment agencies, and qualified
volunteer fire
departments. Include in box 8 any accrued interest on these bonds sold between interest dates (or on a payment date). Also
include any exempt-interest
dividends from a regulated investment company (RIC). Do not include any exempt-interest dividends on Form 1099-DIV, Dividends
and Distributions.
Original issue discount (OID) on tax-exempt state or local government bonds is treated as tax-exempt interest and is included
in box 8.
Include specified private activity bond interest in box 9 and in the total for box 8. See the instruction for box 9 below.
Box 9. Specified Private Activity Bond Interest
Enter interest of $10 or more of interest from specified private activity bonds. Generally, “specified private activity bond” means any
private activity bond defined in section 141 and issued after August 7, 1986. See section 57(a)(5) for more details. Also
see the Instructions for
Form 6251, Alternative Minimum Tax—Individuals.
Include exempt-interest dividends paid by a RIC on specified private activity bonds to the extent that the dividends are attributable
to interest
on the bonds received by the RIC minus an allocable share of the expenses.
Rules for REMICs, FASITs, and Issuers of CDOs
These reporting rules apply only to FASITs in existence on October 22, 2004, to the extent that regular interests issued by
the FASIT before that
date continue to remain outstanding in accordance with the original terms of issue.
REMICs, holders of ownership interests in FASITs, issuers of CDOs, and any broker or middleman who holds as a nominee a REMIC
or FASIT regular
interest or CDO must file Form 1099-INT. The form is used to report interest of $10 or more, other than OID, accrued to a
REMIC or FASIT regular
interest holder during the year or paid to a holder of a CDO. If you are also reporting OID, this interest and the OID can
be reported on Form
1099-OID. You do not have to file both Forms 1099-INT and 1099-OID.
You are not required to file or issue Form 1099-INT for exempt recipients including but not limited to the following.
For additional exempt recipients, see Regulations section 1.6049-7(c).
Report in box 1 the amount of interest, other than OID, accrued to each REMIC or FASIT regular interest holder or paid to
a CDO holder for the
period during the year for which the return is made. If you are a single-class REMIC (as defined in Temporary Regulations
section
1.67-3T(a)(2)(ii)(B)), increase the amount otherwise reportable in box 1 by the regular interest holder's share of investment
expenses of the REMIC
for the year. No amount should be reported in box 3.
Box 5. Investment Expenses
Enter the regular interest holder's pro rata share of investment expenses deductible by a single-class REMIC.
For each Form 1099-INT you are required to file, you must furnish a statement to the REMIC or FASIT regular interest or CDO
holder identified on
the form. The statement must contain the information shown on Form 1099-INT, including the legend shown on Copy B of the official
Form 1099-INT, and
an indication that these items are being furnished to the IRS. The statement also must show the information specified in Regulations
section
1.6049-7(f)(2)(i). In addition, the statement furnished by a REMIC must show, for each calendar quarter, the information specified
in Regulations
section 1.6049-7(f)(3). Also see Regulations section 1.6049-7(f)(3)(ii) for information that may be required to be reported
to a real estate
investment trust (REIT) that holds a REMIC regular interest.
A single-class REMIC (as defined in Temporary Regulations section 1.67-3T(a)(2)(ii)(B)) must include in the statement the
investment expenses paid
or accrued during each calendar quarter by the REMIC for which the REMIC is allowed a deduction under section 212 and the
proportionate share of those
investment expenses allocated to the regular interest holder.
The statement must be furnished to holders by March 15. To meet the statement requirement, you may furnish a copy of Form 1099-INT and a
separate statement containing the additional information to the REMIC or FASIT regular interest or CDO holder.
For information about reporting income to REMIC residual interest holders, see the instructions for Schedule Q (Form 1066),
Quarterly Notice to
Residual Interest Holder of REMIC Taxable Income or Net Loss Allocation, in the separate Instructions for Form 1066.
Form 8811 and Reporting by Brokers or Middlemen
REMICs and issuers of CDOs must also file Form 8811, Information Return for Real Estate Mortgage Investment Conduits (REMICs)
and Issuers of
Collateralized Debt Obligations, within 30 days after the start-up date of the REMIC or issue date of a CDO. The IRS will
use the information on Forms
8811 to update Pub. 938, Real Estate Mortgage Investment Conduits (REMICs) Reporting Information, for use by certain brokers,
middlemen, corporations,
and others specified in Regulations section 1.6049-7(e)(4). Pub. 938 is available only on the IRS website at
www.irs.gov.
For the requirements that a REMIC or CDO issuer or a broker or middleman who holds a REMIC or FASIT regular interest or a
CDO furnish certain
information on request, see Regulations sections 1.6049-7(e) and 1.6049-7(f)(7).
Specific Instructions for Form 1099-OID
File Form 1099-OID, Original Issue Discount, if the original issue discount (OID) includible in gross income is at least $10
and you are any of the
following:
-
An issuer with any bond outstanding or other evidence of indebtedness in registered or bearer form issued with OID;
-
An issuer of a certificate of deposit (CD) made, purchased, or renewed after 1970 if the CD has OID and a term of more than
1 year (see
Caution below);
-
A financial institution having other deposit arrangements, such as time deposits or bonus-savings plans, if the arrangements
have OID and a
term of more than 1 year;
-
A broker or other middleman holding an OID obligation, including CDs, as nominee for the actual owner; or
-
A real estate mortgage investment conduit (REMIC), a holder of an ownership interest in a financial asset securitization investment
trust
(FASIT), or an issuer of a collateralized debt obligation (CDO).
Also, file Form 1099-OID for any person for whom you withheld and paid any foreign tax on OID or from whom you withheld (and
did not refund) any
federal income tax under the backup withholding rules even if the amount of the OID is less than $10.
Original issue discount.
OID is the excess of an obligation's stated redemption price at maturity over its issue price (acquisition price for
a stripped bond or coupon). A
discount of less than ¼ of 1% of the stated redemption price at maturity, multiplied by the number of full years from the
date of issue
to maturity, is considered to be zero.
Reporting OID.
You must prepare a Form 1099-OID for each person who is a holder of record of the obligation if the OID includible
in the holder's gross income is
at least $10.
For a discussion of the reporting requirements for REMICs, FASITs, and CDOs, see the instructions on page INT-4.
Ordinarily, you will file only one Form 1099-OID for the depositor or holder of a particular obligation for the calendar
year. If a person holds
more than one discount obligation, issue a separate Form 1099-OID for each obligation. However, if a person holds more than
one certificate of the
same issue for the same period of time during the calendar year, and if Form 1099-OID amounts are proportional, you may treat
all such certificates as
one discount obligation and file a single Form 1099-OID.
For information about how to compute OID, see sections 1271-1275 and their regulations.
If you are a broker or middleman who holds a bank CD as nominee, whether or not you sold the CD to the owner, you must determine the
amount of OID includible in the income of the owner, if any, and report it on Form 1099-OID.
Pub. 1212, Guide to Original Issue Discount (OID) Instruments, contains information on certain outstanding publicly
offered discount obligations.
It is available on the IRS website at
www.irs.gov.
Issuers of certain publicly offered debt instruments having OID must file Form 8281, Information Return for Publicly
Offered Original Issue
Discount Instruments, within 30 days after the date of issuance. The information provided on that form will enable the IRS
to update Pub. 1212. See
Form 8281 for details.
Exceptions.
You are not required to file Form 1099-OID for payments made to certain payees including a corporation, a tax-exempt
organization, any IRA, an
Archer MSA or Medicare Advantage MSA, a U.S. agency, a state, the District of Columbia, a U.S. possession, or a registered
securities or commodities
dealer.
Report interest on U.S. Savings Bonds on Form 1099-INT. Also report OID on obligations with a term of 1 year or less on Form
1099-INT.
Reporting interest and OID.
If you are reporting stated interest and OID on an obligation, you may report both the taxable interest and the OID
on Form 1099-OID. It is not
necessary to file both Forms 1099-INT and 1099-OID. On Form 1099-OID, report the interest in box 2 and the OID in box 1 or
6. You may choose to report
the interest on Form 1099-INT and the OID on Form 1099-OID. However, you cannot report tax-exempt interest on Form 1099-OID.
See Box 8.
Tax-Exempt Interest on page INT-2.
Statements to recipients.
If you are required to file Form 1099-OID, you must furnish a statement to the recipient. For more information about
the requirement to furnish an
official form or acceptable substitute statement to recipients in person, by statement mailing, or electronically, see part
M in the 2006 General
Instructions for Forms 1099, 1098, 5498, and W-2G .
Account number.
The account number is required if you have multiple accounts for a recipient for whom you are filing more than one
Form 1099-OID. Additionally, the
IRS encourages you to designate an account number for all Forms 1099-OID that you file. See part L in the 2006 General Instructions
for Forms 1099,
1098, 5498, and W-2G.
2nd TIN not.
You may enter an “ X” in this box if you were notified by the IRS twice within 3 calendar years that the payee provided an incorrect taxpayer
identification number (TIN). If you mark this box, the IRS will not send you any further notices about this account. However,
if you received both IRS
notices in the same year, or if you received them in different years but they both related to information returns filed for
the same year, do not
check the box at this time. For purposes of the two notices in 3-year rule, you are considered to have received one notice.
You are not required to
send a second “ B” notice upon receipt of the second notice. See part N in the 2006 General Instructions for Forms 1099, 1098, 5498, and W-2G
for
more information.
For information on the TIN matching system offered by the IRS, see page GEN-3 in the 2006 General Instructions for Forms 1099,
1098, 5498, and
W-2G.
Box 1. Original Issue Discount for 2006
Report the OID on the obligation for the part of the year it was owned by the record holder. Do not include the amount reported
in box 6. For a
discussion of REMICs, FASITs, and CDOs, see the instructions below.
Box 2. Other Periodic Interest
Enter any stated interest (that is not OID) paid or credited on this obligation during the year. However, you may report any
stated interest that
is not OID on Treasury Inflation-Indexed Securities in box 3 of Form 1099-INT rather than in box 2 of Form 1099-OID. Interest
reported here must not
be reported on Form 1099-INT. For a discussion of REMICs, FASITs, and CDOs, see the instructions below.
Box 3. Early Withdrawal Penalty
Enter interest or principal forfeited because of an early withdrawal, such as an early withdrawal from a CD, that is deductible
from gross income
by the recipient. Do not reduce the amounts in boxes 1 and 2 by the amount of the forfeiture. For detailed instructions for
determining the amount of
forfeiture deductible by the holder, see Rev. Ruls. 75-20, 1975-1 C.B. 29, and 75-21, 1975-1 C.B. 367.
Box 4. Federal Income Tax Withheld
Enter backup withholding. For example, if a recipient does not furnish its TIN to you in the manner required, you must backup
withhold at a 28%
rate. The 28% rate applies to amounts required to be reported in boxes 1, 2, and 6 but limited to the cash paid on these obligations.
Before applying
the 28% rate, you may reduce the amounts reported in boxes 1 and 2 by the amount reported in box 3.
For information on requesting the recipient's TIN, see part J in the 2006 General Instructions for Forms 1099, 1098, 5498,
and W-2G.
Enter the CUSIP (Committee on Uniform Security Identification Procedures) number, if any. If there is no CUSIP number, enter
the abbreviation for
the stock exchange, the abbreviation for the issuer used by the stock exchange, the coupon rate, and the year of maturity
(for example, NYSE XYZ 121/ 25). If the issuer of the obligation is other than the payer, show the name of the issuer.
Box 6. Original Issue Discount on U.S. Treasury Obligations
Enter the OID on a U.S. Treasury obligation for the part of the year it was owned by the record holder. Do not include this
amount in box 1. You
may enter any stated interest on the Treasury obligation in box 2.
If you make payment on a U.S. Treasury obligation on which OID is reportable, enter your name, address, and federal identification
number on Forms
1099-OID and 1096, not those of the U.S. Treasury Department or the Bureau of Public Debt.
Box 7. Investment Expenses
For single-class REMICs only, see Box 7. Investment Expenses under Rules for REMICs, FASITs, and Issuers of CDOs below.
Rules for REMICs, FASITs, and Issuers of CDOs
These reporting rules apply only to FASITs in existence on October 22, 2004, to the extent that regular interests issued by
the FASIT before that
date continue to remain outstanding in accordance with the original terms of issue.
REMICs, holders of ownership interests in FASITs, issuers of CDOs, and any broker or middleman who holds as a nominee a REMIC
or FASIT regular
interest or CDO must file Form 1099-OID. The form is used to report OID of $10 or more accrued to a REMIC or FASIT regular
interest holder or to a
holder of a CDO. Also use Form 1099-OID to report other interest accrued to a REMIC or FASIT regular interest holder during
the year or paid to a
holder of a CDO. You may use Form 1099-INT rather than Form 1099-OID to report interest for an instrument issued with OID
if no OID is includible in
the regular interest holder's or CDO holder's income for the year.
You are not required to file or issue Form 1099-OID for exempt recipients including but not limited to the following.
For additional exempt recipients, see Regulations section 1.6049-7(c).
Box 1. Original Issue Discount for 2006
Report in box 1 the aggregate amount of OID includible in the gross income of each REMIC or FASIT regular interest or CDO
holder for the period
during the year for which the return is made. No amount should be reported in box 6.
Box 2. Other Periodic Interest
Report in box 2 any amount of interest, other than OID, accrued to each REMIC or FASIT regular interest holder or paid to
each CDO holder. If you
are a single-class REMIC (as defined in Temporary Regulations section 1.67-3T(a)(2)(ii)(B)), increase the amount otherwise
reportable in box 2 by the
regular interest holder's share of investment expenses of the REMIC for the year.
Box 7. Investment Expenses
Enter the regular interest holder's pro rata share of investment expenses deductible by a single-class REMIC.
For each Form 1099-OID you are required to file, you must furnish a statement to the REMIC or FASIT regular interest or CDO
holder identified on
the form. The statement must contain the information shown on Form 1099-OID, including the legend shown on Copy B of the official
Form 1099-OID, and
an indication that these items are being furnished to the IRS. The statement also must show the information specified in Regulations
section
1.6049-7(f)(2)(ii). In addition, the statement furnished by a REMIC must show, for each calendar quarter, the information
specified in Regulations
section 1.6049-7(f)(3). Also see Regulations section 1.6049-7(f)(3)(ii) for information that may be required to be reported
to a real estate
investment trust (REIT) that holds a REMIC regular interest.
A single-class REMIC (as defined in Temporary Regulations section 1.67-3T(a)(2)(ii)(B)) must include in the statement the
investment expenses paid
or accrued during each calendar quarter by the REMIC for which the REMIC is allowed a deduction under section 212 and the
proportionate share of those
investment expenses allocated to the regular interest holder.
The statement must be furnished to holders by March 15. To meet the statement requirement, you may furnish a copy of Form 1099-OID and a
separate statement containing the additional information to the REMIC or FASIT regular interest or CDO holder.
For information about reporting income to REMIC residual interest holders, see the instructions for Schedule Q (Form 1066),
Quarterly Notice to
Residual Interest Holder of REMIC Taxable Income or Net Loss Allocation, in the separate Instructions for Form 1066.
Form 8811 and Reporting by Brokers or Middlemen
REMICs and issuers of CDOs must also file Form 8811, Information Return for Real Estate Mortgage Investment Conduits (REMICs)
and Issuers of
Collateralized Debt Obligations, within 30 days after the start-up date of the REMIC or issue date of a CDO. The IRS will
use the information on Forms
8811 to update Pub. 938, Real Estate Mortgage Investment Conduits (REMICs) Reporting Information, for use by certain brokers,
middlemen, corporations,
and others specified in Regulations section 1.6049-7(e)(4). Pub. 938 is available only on the IRS website at
www.irs.gov.
For the requirements that a REMIC or CDO issuer or a broker or middleman who holds a REMIC or FASIT regular interest or a
CDO furnish certain
information on request, see Regulations sections 1.6049-7(e) and 1.6049-7(f)(7).
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