1099-INT from the IRS

[Kappaalex1]

My client received a 1099-INT from the IRS, is is safe to say it is reflecting interest paid to the taxpayer by the IRS and file the 1099 as ordinary interest income?

Please advise.

Thank you!

[dkh]

IRS was adding interest to tax refunds issued after April 15th, 2020 for 2019 tax returns.  Did your client have a refund due to them?  Did they receive more than was shown on the return?  

[Kappaalex1]

The client had a refund due to them and they received it before 4/15/2020. It was the correct amount too.

[dkh]

How about a recently amended return? 

[Just-Lisa-Now-]

"is is safe to say it is reflecting interest paid to the taxpayer by the IRS and file the 1099 as ordinary interest income?"

Yes, its treated just like any 1099INT you receive 

[Kappaalex1]

There wasn’t a recent amendment. 

[Just-Lisa-Now-]

was 2018 filed late, or a 2018 amendment?

[Just-Lisa-Now-]

@Kappaalex1 

So I just got one too, its got my business EIN on it, so Im guessing its for payroll ? Does your client have payroll?  Was a 941 amended during 2020?

[Kappaalex1]

The one my client received is for over $600 and it is for calendar year 2020.