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Level 3
posted Feb 2, 2022 12:51:07 PM

Mystery 1099-INT

I've already filed my taxes, both state and federal using TT online just as I have for the past several years. Both my federal and my state returns have both been accepted according to the TT e-mails I have received.

 

Today I received a 1099-INT from the IRS(for 2021)showing "Total Interest Paid or credited" of $15.35 with my correct SSN and a "Payers Federal Identification Number" of 38-1798424. The first box of the form says "Statement Showing Interest from the Internal Revenue Service"

 

I do not own any interest bearing accounts other than my 401k through my employer.

 

I have always filed my taxes early and did not receive an interest refund from the IRS for the 2021 tax year. How do I research this to find out what they are supposedly paying me interest on?

0 2 242
2 Replies
Expert Alumni
Feb 2, 2022 1:03:22 PM

This is interest paid to you by the IRS. Treat it like any other interest.

 

To enter your 1099-INT interest form:

  1. Type 1099-int in the search box and click search.
  2. Click on Jump to 1099-int.
  3. On the landing screen, click on I'll type it in myself.
  4. Enter your 1099-INT form.
  5. Enter the Institution ( Internal Revenue Service ) Name.
  6. Enter your interest in Box 1 and any other information.

The IRS frequently has to pay interest when they fall behind.

Level 15
Feb 2, 2022 1:08:59 PM

the IRS was tardy in sending you your refund. under the tax laws, it must pay interest on the late refund. if would have been included in the refund check.