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Department of the Treasury Internal Revenue Service Ownership Certificate for Paperwork Reduction Act Notice, See Back of Form

Department of the Treasury Internal Revenue Service Ownership Certificate for Paperwork Reduction Act Notice, See Back of Form

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Instructions and help about Department Of The Treasury Internal Revenue Service Ownership Certificate For Paperwork Reduction Act Notice, See Back Of Form

we'll be going over IRS form 1099-oid original issue discount so uh this is a tax form that many taxpayers may receive at the end of the tax year H without fully understanding exactly what it is so let's start by talking about original issue discount then we'll go through uh the information on the leftand side of the form and then we'll go through the information on the right hand side of the form and cover each of those uh boxes one box at a time we'll walk through what the instructions are for the issuer which is usually going to be a financial institution it could be a your bank or a brokerage firm uh and then we'll go over certain instructions to taxpayers on how you would report certain items of income and where on your tax return we won't be able to cover every single situation but we'll at least be able to point you to the right direction for further guidance so let's start by talking about original issue di

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