Internal Revenue Service. "Publication 1212, Guide to Original Issue Discount (OID) Instruments." Pages 12-13. Internal Revenue Service. "Form 1099-OID, Original Issue Discount." Page 5.

Fact checked by Vikki Velasquez Filing your federal tax return to the Internal Revenue Service (IRS) starts with having the right forms in hand. Whether you choose to e-file or submit a paper return, ...

Failure to comply with filing requirements can lead to significant consequences, including automatic revocation of tax-exempt ...

With the recent tax season behind us, the IRS is encouraging taxpayers to reassess their tax withholding. This proactive step can help avoid unexpected tax bills or penalties in the upcoming year.