0
Who may file Form 1099-A Accept for Value Returned for Value and Copy A Form 1099-OID?
Wiki User
∙ 14y ago
Form 1099-A is Acquisition or Abandonment of Secured Property. Generally, Form 1099-A must be filed by any person or entity who lends money in connection with their trade or business and, to satisfy partially or fully that debt, gains an interest in property that's secured for that debt or knows that the secured property has been abandoned. The person or entity doesn't need to be in the business of lending money to be required to file Form 1099-A.
Form 1099-OID is Original Issue Discount. OID is the excess of redemption price at maturity over the issue price. OID is taxable and must be included in the recipient's income each year. Form 1099-OID is filed by the payer if the OID is at least $10. Payers include a broker or other middleman with an OID obligation (including CDs) as nominee for the actual owner. Also, a financial institution offering time deposits or bonus-savings plans with OID and one-year terms needs to file Form 1099-OID if the OID is at least $10. Copy A of Form 1099-A and Form 1099-OID must be filed by the lender/payer with the IRS by March 1. If filing electronically, then the due date is extended to March 31.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
When a check considered to be stale?
Checks usually have a validity of 90 or 180 days (depending on the country) and after that date, the check is stale and worthless. No bank will accept such checks for cashing or cash it. Since it has no value it is considered to be stale.
What kind of life insurance policy pays a specified monthly income to a beneficiary for W years and then pays a lump sum benefit at the end of that W years?
In pension Policy, a specified amount is provided to the annuitant, and the purchase value is returned to the nominee on death of the annuitant.
Can a store accept third party checks?
They CAN, but very few DO accept "third party" checks. A "third-party" check is a check that someone else wrote to you, and now you're trying to get a third party - the merchant - to accept it. Most merchants refuse to accept them, because if the check bounces, you as the purchaser aren't on the hook for the value. Back in the day when most people were honest, there wasn't much of a risk. Now, when there's a significant minority of people who are NOT honest, there's too much risk. If somebody else wrote a check to you, then you should deposit it in your account, or take it to that person's bank to have it cashed. Don't expect the merchant to also provide banking services to you.
For how long of a time is a bank check good for?
Checks usually have a validity of 90 or 180 days (depending on the country) and after that date, the check is stale and worthless. No bank will accept such checks for cashing or cash it. Since it has no value it is considered to be stale. No bank will actually cash a stale check.
What is Book value vs fair value?
Book value is the value of asset shown in financial statements while fair value is the value at which asset can be sold in market
What is the returned value?
the value you didn't keep
Where does the value returned by the main function go?
The value returned by the main function is returned to the OS as the programs error number. An error number of zero usually indicates there is not an error but this is up to the programmer to decide.
What does accept at face value mean?
to belive
Which arguments allow more control in the returned value in Excel?
>= is a operator
What arguments may provide more control over the returned value?
absolute
Why is 0 not a identity element for multiplication?
An Identity element in multiplication is one that when you multiply a value by the identity element, that the original value is returned. The only identity element in multiplication is 1. If you multiply any value (other than infinity which is a special case of mathematics), the value returned will be 0. The identity element for addition is 0.
What does I'll take that at face value mean?
I'll accept what happened
Which type of client is most likely to accept what you offer at face value?
A realist.
When do you accept a hypothesis?
You accept an alternative hypothesis when the p-value is greater than the sample a for a confidence level of 95%. The null hypothesis cannot be accepted.
What does a round method return in a Java program?
The Math.round() method is used to round off a decimal value to its nearest whole number. If the value beyond the decimal point is > 0.5 then the next number would be returned. Similarly if that value is < 0.5 then the previous value number be returned. For example Math.round(2.75) would yield an output of 3 whereas Math.round(2.25) would yield an output of 2.
What is an input value?
An input value is the value that you start with. If it helps, you can think of an input value as being a value you type in. So, for instance, if you type 8 * 2 into your calculator, then that's the input. This is contrasted with output, which is the value returned to you by the computer program. In our example, the output would be 16.
How much does the value of a car decrease after the rear bumper was replaced after a slight accident?
If the repair returned the car to preaccident condition, t he value of the car should not be affected.
