TaxBandits Knowledge Base

When is the deadline to file Form 1099-OID?

The deadline to file Form 1099-OID depends on how the form is being filed with the IRS.

If you are filing electronically, the deadline is March 31st of the year following the calendar year in which the original issue discount income was paid or credited.

If you are filing by paper, the deadline to mail the paper copy is February 28th of the year following the calendar year in which the original issue discount income was paid or credited.

It's important to note that Form 1099-OID should also be sent to the recipient of the income, and the deadline to distribute recipient copies is January 31st of the year following the calendar year in which the original issue discount income was paid or credited, regardless of whether you file the form electronically or by paper.

Note: If the deadline falls on a weekend or legal holiday, the deadline will be on the next business day.