Countries and Languages
| Countries | Languages |
|---|---|
| USA | English |
Extracted Fields
Basic Form Information
| Field | Description |
|---|---|
| Void | Specifies that the processed form should be annulled. |
| Corrected | Specifies that the processed form is being submitted to correct data provided earlier. |
| Year | The reporting fiscal year. |
Payer Details
| Field | Description |
|---|---|
| Name | The name, address, and phone number of the payer. |
| Street | The name, address, and phone number of the payer. |
| City | The name, address, and phone number of the payer. |
| State | The name, address, and phone number of the payer. |
| ZIP Code | The name, address, and phone number of the payer. |
| Country | The name, address, and phone number of the payer. |
| Phone | The name, address, and phone number of the payer. |
Tax Identification Numbers
| Field | Description |
|---|---|
| Payer’s TIN | The tax identification number assigned to the payer. |
| Recipient’s TIN | The tax identification number assigned to the recipient. |
Recipient Details
| Field | Description |
|---|---|
| Name | The name and address of the recipient. |
| Street | The name and address of the recipient. |
| City | The name and address of the recipient. |
| State | The name and address of the recipient. |
| ZIP Code | The name and address of the recipient. |
| Country | The name and address of the recipient. |
Account and Compliance Information
| Field | Description |
|---|---|
| Account Number | The unique number used by the payer to identify the recipient. |
| FATCA Filing Requirement | Specifies that the Foreign Account Tax Compliance Act (FATCA) filing requirement is satisfied. |
Original Issue Discount Information
| Field | Description |
|---|---|
| Original Issue Discount for the Year | The taxable OID on the obligation for the part of the year during which it was owned by the payer. |
| Other Periodic Interest | The qualified stated interest on the obligation for the year, which is an amount separate from the OID. |
| Early Withdrawal Penalty | Interest or principal forfeited if the payer withdrew the money before the maturity date of the obligation. |
| Federal Income Tax Withheld | Backup withholding. |
| Market Discount | The amount of market discount that accrued on the debt instrument during the tax year in the amount of $10 or more. |
| Acquisition Premium | The amount of acquisition premium amortization for the year that reduces the amount of OID that is included as interest on payer’s income tax return. |
| Description | The identification (CUSIP) number or description of the obligation (may include the stock exchange, issuer, coupon rate, and year of maturity). |
| Original Issue Discount on US Treasury Obligations | OID on a U.S. Treasury obligation for the part of the year during which it was owned by the payer. |
| Investment Expenses | The share of non-taxable expenses incurred by a regulated investment company (RIC), proportional to the payment share of the recipient. |
| Bond Premium | The bond premium amount for the year for covered taxable securities. |
| Tax-exempt OID | The OID for the part of the year during which it was owned by the payer. |
State Tax Information
| Field | Description |
|---|---|
| State 1 | State-specific payment information. |
| State 2 | State-specific payment information. |
| State Identification Number 1 | State-specific payment information. |
| State Identification Number 2 | State-specific payment information. |
| State Tax Withheld 1 | State-specific payment information. |
| State Tax Withheld 2 | State-specific payment information. |
Key Fields
- Year
- Payer Details/Name
- Payer’s TIN
- Recipient’s TIN
- Recipient Details/Name
- Account Number
- Original Issue Discount for the Year
Validation Rules
| Rule | Description |
|---|---|
| Complete Form Year | Checks the value in the Year field. It removes any white spaces and converts a 2-digit year into a 4-digit format. If the last two digits are numeric and start with 9, it converts the value to the 1900’s (for example, 99 converts to 1999). Otherwise, it assumes the date is from the 2000’s (for example, 24 converts to 2024). |