Home Page link  

nominee interest 1099-INT

 

Taxes General Forum - Tax professionals meeting place and answers to queries. (Moderated)

 Post an article  get this group's latest topics as an RSS feed add this group's latest topics to your My MSN content add this group's latest topics to your My Yahoo content  add this group's latest topics to your Google content  YahooMyWeb Yahoo!  Google Google  Windows Live Favorites Windows Live  del.icio.us del.icio.us  digg digg  Add to Netscape Netscape
Subject Author Date
nominee interest 1099-INT Emma 06-30-2006
Posted by Emma on June 30, 2006, 6:27 pm
Please log in for more thread options
I hope someone knowledgeable in this forum might be able to
help me with my question. I receive interest in a money
market account for money that belongs to my parents. They
are Germans and also live in Germany. I read that I am
technically required to issue them a 1099-INT for the money,
but they don't have a SSN. What should I be doing with my
1099? Also, is interest earned from a money market account
referred to as interest or dividend?

I'ld appreciate any help in this matter. Thank a lot in advance.

Emma

<< ======================================================= >>
<< The foregoing is intended for educational purposes only >>
<< and does NOT constitute legal OR professional advice. >>
<< >>
<< The Charter and the Guidelines for submitting >>
<< messages to this newsgroup are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

Similar ThreadsPosted
nominee interest 1099-INT, without SSN? June 30, 2006, 6:27 pm
Nominee interest distribution to non-resident aliens March 6, 2008, 8:36 am
Bank didn't send a 1099INT?! February 25, 2008, 5:41 pm
Nominee capital gains May 25, 2007, 10:51 pm
Re: Nominee capital gains June 1, 2007, 10:42 am
Nominee Capital Gains January 31, 2008, 10:56 pm
More on Nominee Capital Gains February 2, 2008, 3:59 pm
Can mortgage interest paid to a foreign lender be considered portfolio interest (tax exempt)> March 10, 2007, 1:06 am
Form 6251- Line 4 of Home Mortgage Interest Adjustment Worksheet, accounting method needed to determine a HELOC interest usages. October 16, 2008, 10:51 am
Items that may be of interest February 8, 2007, 7:58 am

Contact Us | Privacy Policy
This site is not affiliated with Intuit - makers of Quickbooks and Quicken software
This site is not affiliated with Sage Software - makers of Peachtree accounting software
XML SitemapXML Sitemap