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File Form 1099-OID for Tax Year 2024 with Ease
Report original issue discount (OID) income accurately and efficiently with TaxZerone’s seamless e-filing solution for Form 1099-OID.
Takes less than 5 minutes
Affordable Pricing
Start at just $2.49 per form, with bulk pricing as low as $0.59 per form for large-volume filings.
For your return volume
Filing Requirements for Form 1099-OID
Make your 1099-OID filing stress-free. Here’s what you’ll need:
- Payer Information: Payer’s Name, TIN, and Address
- Recipient Information: Recipient’s Name, TIN, and Address
- OID Payment Details: OID Amount, Interest Income, and Federal Tax Withheld (if applicable)
- State Tax Information: Payer's State name, State identification number, State tax withheld
3 Simple Steps to Complete Your Form 1099-OID E-filing
Filing Form 1099-OID with TaxZerone is quick, simple, and secure:
Enter Information for Form 1099-OID
Provide the required details, including payer and recipient information, OID income, and any withheld taxes.
Review & Transmit
Confirm accuracy using TaxZerone’s IRS validations and securely transmit your form to the IRS.
Send Recipient Copies
Share recipient copies via ZeroneVault or opt for postal delivery to ensure timely distribution.
Why Choose TaxZerone for Form 1099-OID E-filing?
TaxZerone is the trusted e-filing solution for businesses of all sizes. Here’s why:
IRS Form Validations
TaxZerone performs automatic IRS form validations, ensuring error-free submissions that comply with IRS requirements.
Supports Bulk Upload
Easily upload and file multiple forms at once, saving time for businesses with high filing volumes.
Secure Recipient Copy Sharing
Deliver recipient copies through ZeroneVault for instant and secure electronic sharing or choose postal mailing for physical copies.
Best Price in the Industry
Our pricing is designed to accommodate all businesses, from single filings to bulk submissions.
Form-Based Interface
Enjoy a user-friendly experience with our intuitive, form-based filing platform.
Guided Filing Assistance
Receive real-time guidance and tips to help you complete your
Form 1099-OID accurately and confidently.
Important Deadlines for Filing Form 1099-OID
Send Recipient Copies
Deadline: January 31, 2025** Deliver recipient copies promptly using ZeroneVault for secure electronic sharing or opt for traditional postal mail.
File with the IRS (e-file)
Deadline: March 31, 2025 Submit your Form 1099-OID electronically.
File with the IRS (paper)
Deadline: February 28, 2025 Mail your Form 1099-OID if filing on paper.
Save Time and Stress with TaxZerone
Start Filing Now!E-file Form 1099-OID pricing calculate
| No. of Forms | Price Per Form |
|---|---|
| 1 to 25 | $2.49 |
| 26 to 50 | $1.99 |
| 51 to 100 | $1.59 |
| 101 to 250 | $1.29 |
| 251 to 500 | $1.09 |
| 501 to 1000 | $0.79 |
| 1001 and above | $0.59 |
Estimate Your Price
| Enter the number of to calculate your estimated cost | |
| Total Price: | $0.00 |
| W-2/1099 State Filing | Price Per Form |
|---|---|
| Per Form | $0.99 |
Estimate Your Price
| Enter the number of to calculate your estimated cost | |
| Total Price: | $0.00 |
| W-2/1099 Postal Mailing | Price Per Form |
|---|---|
| Per Form | $1.75 |
Estimate Your Price
| Enter the number of to calculate your estimated cost | |
| Total Price: | $0.00 |
| W-2/1099 Electronic Delivery | Price Per Form |
|---|---|
| Per Form | $0.50 |
Estimate Your Price
| Enter the number of to calculate your estimated cost | |
| Total Price: | $0.00 |
1099-OID State Filing Requirements
Certain states mandate separate filings for Form 1099-OID in addition to the federal filing. It’s important to stay compliant with state-specific tax laws by ensuring that you file in all applicable jurisdictions.
Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Dist. of Columbia
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
New Jersey
New Mexico
North Carolina
North Dakota
Ohio
Oklahoma
Pennsylvania
Rhode Island
South Carolina
Utah
Vermont
Virginia
West Virginia
Wisconsin
Schedule Filing: Plan Ahead and Stay Organized
Want to ensure your Form 1099-OID filings are submitted on time and stress-free? With Schedule Filing, you can prepare your filings in advance, and we’ll handle the submission when the time comes.
Choose Your Filing Date
Set your preferred filing date, and we’ll ensure your Form 1099-OID is submitted to the IRS promptly and accurately.
Ensure Accuracy
Recipients can review their 1099-OID forms before submission, allowing them to identify and correct any potential errors in advance.
Eliminate the Need for IRS Corrections
Scheduling your filing gives you the opportunity to validate all details beforehand, reducing errors and avoiding the hassle of filing IRS correction forms later.
Effortless Sharing of Recipient Copies
TaxZerone makes it easy to deliver Form 1099-OID copies to your recipients securely and on time. Select the delivery method that best suits your business needs:
Secure Delivery via ZeroneVault
- Share recipient copies electronically through ZeroneVault, a secure and intuitive platform.
- Recipients can instantly access their forms without the hassle of printing or mailing.
- ZeroneVault ensures data security, providing peace of mind when handling sensitive tax information.
Traditional Postal Mailing
- Prefer physical copies? TaxZerone offers reliable postal mailing services.
- Recipient copies are delivered promptly, ensuring compliance with IRS deadlines.
- Let TaxZerone manage the mailing process, saving you time and effort.
Get Started with TaxZerone Today
Filing Form 1099-OID online has never been easier. With TaxZerone, you can:
- File quickly and accurately.
- Stay compliant with IRS deadlines.
- Save time and money with our industry-leading features.
Frequently Asked Questions
1. What is Form 1099-OID?
2. Who Needs to File Form 1099-OID?
- You are a financial institution, broker, or issuer of a debt instrument that generated OID income exceeding $10 for an individual during the tax year.
- You are responsible for reporting this OID income to both the IRS and the recipient of the income.
Examples of entities required to file include banks, credit unions, and other issuers of debt securities.
3. When is the Deadline to File Form 1099-OID?
- Send Recipient Copies: Deadline - January 31, 2025** Ensure recipients receive their copies by this date to avoid penalties.
- File with the IRS (E-file) : Deadline - March 31, 2025
- File with the IRS (Paper): Deadline - February 28, 2025
If a deadline falls on a weekend or federal holiday, it will be extended to the next business day.
4. What Are the Penalties for Late Filing of Form 1099-OID?
- Filed within 30 days of the deadline:
$60 per form.
Maximum penalty per year: $232,500 for small businesses, $664,500 for large businesses. - Filed more than 30 days after the deadline but before August 1, 2025:
$130 per form.
Maximum penalty per year: $664,500 for small businesses, $1,993,500 for large businesses. - Filed after August 1, 2025, or not filed at all:
$330 per form.
Maximum penalty per year: $1,329,000 for small businesses, $3,987,000 for large businesses.
Additional penalties may apply for failing to provide accurate payee statements or intentionally disregarding filing requirements. To avoid penalties, file Form 1099-OID accurately and on time.
About TaxZerone®
TaxZerone® is an IRS-authorized e-file service provider that helps businesses and individuals file multiple IRS forms, such as excise, employment tax, extension, information returns, and tax-exempt forms, easily and securely.
Forms
- Excise Tax Forms
- Exempt Org. Forms
- Employment Tax Forms
- Information Returns
- Extension Forms
- Form W-9
- FinCEN BOI Report
Excise Tax Forms
2290 Amendments
Extension Forms
Employment Tax Forms
W-2 State Filing
- Alabama (AL)
- Arizona (AZ)
- Arkansas (AR)
- Colorado (CO)
- Connecticut (CT)
- Delaware (DE)
- DC (DC)
- Georgia (GA)
- Hawaii (HI)
- Idaho (ID)
- Illinois (IL)
- Indiana (IN)
- Iowa (IA)
- Kansas (KS)
- Kentucky (KY)
- Louisiana (LA)
- Maine (ME)
- Maryland (MD)
- Massachusetts (MA)
- Michigan (NI)
- Minnesota (MN)
- Mississippi (MS)
- Missouri (MO)
- Montana (MT)
- Nebraska (NE)
- New Jersey (NJ)
Resources
- Form 2290 Instructions
- Form 2290 Due Dates
- Taxable & Suspended Vehicles
- Form 2290 Payment options
- Form 2290 Amendments
- HVUT Form 2290 Penalties
- Form 2290 Credit Vehicles
- Form 2290 Schedule 1
- Gross Weight & Categories
- Form 7004 Instructions
- Form 7004 Due Dates
- Form 7004 Form Codes
- Form 7004 for 1042
- Form 7004 for 1065
- Form 7004 for 1120
- Form 4868 Instructions
- Form 4868 Due Dates
- Form 4868 Mailing Address
- Form 7004 Vs Form 4868
- Form 8868 Instructions
- Form 8868 Due Dates
- Form 1099 NEC Instructions
- Form 1099 MISC Instructions
- Form 1099 INT Instructions
- Form 1099 DIV Instructions
- Form 1099 B Instructions
- Form 1099 C Instructions
- Form 1099 K Instructions
- Form 1099 G Instructions
- Form 1099 R Instructions
- Form 1099 S Instructions
- Form 1099 Q Instructions
- Form 1099 SA Instructions
- Form 1099 LTC Instructions
- Form 1099 OID Instructions
- Form 1099 PATR Instructions
- Form W-2 Instructions
- Form W-2c Instructions
- 2024 Form W-2 Updates
- EFTPS Payment Method
- Form 941 Instructions
- Form 941 Instructions 2023
- Form 941 Signature Options
- Form 941-X Instructions
- Form 941 Due dates
- Form 941-X Due dates
- Form 941 Schedule B
- Form 941 Schedule R
- Revised Form 941 2024
- Form 940 Instructions
- Form 940 Due Dates
- Form 940 Schedule A
- Form 943 Instructions
- Form 943 Due Dates
- Form 8974 Instructions
- Form 990-N Instructions
- Form 990-EZ Instructions
- Form 990-PF Instructions
- Form 990-T Schedule A
- Form 990 Instructions
- Form 990 Schedule A
- Form 990 Schedule B
- Form 990 Schedule C
- Form 990 Schedule D
- Form 990 Schedule E
- Form 990 Schedule F
- Form 990 Schedule G
- Form 990 Schedule I
- Form 990 Schedule J
- Form 990 Schedule K
- Form 990 Schedule L
- Form 990 Schedule M
- Form 990 Schedule N
- Form 990 Schedule O
- Form 990 Schedule R
- Form 1120 schedule D
- Form 1041 Schedule D
- Form 1041 Schedule I
- Form 4797
- Form 4562
- Form 8949
- Form 8995
- Form 2220
- Form 3800
- Form 3468
- Form 8911
- Form 8936
- FTB CA Form 199 Instructions
- Form FTB 3509
- Form FTB 3885
- Form FTB 3885F
- BOI Reporting Instructions
- BOI Reporting Due Dates
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