1099-OID E-File Compliance Software


File Form 1099-OID, Original Issue Discount, if the original issue discount (OID) includible in gross income is at least $10 and you are any of the following: (i) An issuer with any bond outstanding or other evidence of indebtedness in registered or bearer form issued with OID; (ii) An issuer of a certificate of deposit (CD) made, purchased, or renewed after 1970 if the CD has OID and a term of more than 1 year (see Caution, later); (iii) A financial institution having other deposit arrangements, such as time deposits or bonus-savings plans, if the arrangements have OID and a term of more than 1 year; (iv) A broker or other middleman holding an OID obligation, including CDs, as nominee for the actual owner; A trustee or middleman of a widely held fixed investment trust (WHFIT) or widely held mortgage trust (WHMT); or (v) A real estate mortgage investment conduit (REMIC), a holder of an ownership interest in a financial asset securitization investment trust (FASIT), or an issuer of a collateralized debt obligation (CDO).

Account Ability 1099-OID Compliance Software

Account Ability Tax Form Preparation Software

Imports spreadsheets and delimited text files

Matches recipient's TIN/Name against IRS records

Includes Electronic Reporting (E-File)

Prepares recipient copies on ordinary copy paper

Prepares recipient copies on preprinted forms

Supports an unlimited number of filers

The Integrated Browser facilitates the entire E-File process

Includes free and unlimited technical support

Supports the entire family of information returns

Check out the full list of features

Try Account Ability for Free today

Contact a sales representative at 888-IDMSINC (436-7462)