Just a question for clarification. How does the IRS track down my bank accounts' interest when I type in my 1099-INT information manually as opposed to importing? Is just typing "ALLY BANK" into the payer information box really enough for the IRS to use?

[NathanielThompson]

Essentially, does the IRS confirm my 1099-INT and the accounts attached to it via my Social Security Number or something? Ally Bank is being difficult with only importing one account's interest from Ally Bank's combined statement. I want to make sure I am not missing some kind of detail if I do it manually. Just the name of the bank? If anyone uses Ally Bank, how do you put in your 1099-INT combined statement usually? Seems like a common issue with Ally Bank from what I read. Apparently, it is too difficult to scan the combined interest on the third page. I'm new at this whole tax filing thing.

[BillM223]

A "normal" 1099-INT has both the payer's TIN (i.e., Ally Bank's tax identification number) and the Recipient's TIN (i.e., your SS number). Thus the IRS computers CAN cross-reference these things if they so choose.

If you are having trouble importing a COMBO document, I would enter the interest (1099-INT), dividends and capital gains (both on 1099-DIV) manually, and declare victory and move on..

As J.R.R. Tolkien said, "Short cuts make long delays".