Among these, Form 1099-INT stands out if ... record for the IRS to track the interest you’ve accumulated from various sources such as savings accounts, bonds or other interest-bearing investments.

For tax purposes, you’ll have to complete Form 1099-INT, which is ... Bondholders who’ve held savings bonds for at least five years can redeem them without penalty. Let us teach you the ...

The IRS treats interest earned on money in a savings account as taxable income. Your financial institution issues a 1099 form if you earned at least $10 in interest in the previous tax year.