What is a 1099-INT form?
Internal Revenue Service (IRS) form 1099-INT is an annual tax form provided by payers of interest income, such as banks. The 1099-INT form is issued to individuals and businesses who were paid a total of at least $10 in interest or dividends during the calendar year. If you receive this form, be sure to keep it for your records. You will need to report it on your yearly tax return.”
When will I get my tax form?
Each year, Internal Revenue Service (IRS) 1099 tax forms will be provided to the primary account owner on or before January 31 (or the next business day if January 31 falls on a weekend or legal holiday).
Although the exact date will vary, electronic tax forms will be made available to the primary account owner through online banking. You will receive an email notification when the tax form is available to review, download and print in the “Documents” section of online banking.
We will also furnish a paper 1099 tax form by mail through the U.S. Postal Service. The tax form will be sent to the primary account owner’s mailing address. This means that all primary account owners should make sure that their mailing address on file is correct. Due to the large volume of tax forms mailed through the U.S. Postal Service during January, it may take several days to receive the paper tax form..
If you do not receive your tax return documents by February 15, please call Bread Savings Customer Care or send a message through our online banking portal to request another copy.
Why didn’t I receive a 1099-INT form?
The IRS requires banks to issue a 1099-INT form if an individual or business has been paid at least $10 in interest or dividends during the calendar year.
If you have a joint account, only the primary owner will receive the form. This is generally the first person listed on the account. Because only one name and Social Security number can be documented on a 1099-INT form, all income is reported to the IRS under the primary owner. This rule applies to joint ownership by a married couple or with another individual, such as a partner, child, etc.
What is the Employer Identification Number (EIN)?
The Comenity Capital Bank EIN is 65-1180275. Bread Savings is a brand of Comenity Capital Bank, member FDIC.
What if I have a question or find a mistake on my tax form?
If you have questions or suspect a mistake, please call Bread Savings Customer Care . We’re open from 7 a.m. to 9 p.m. CT, Monday through Friday, and from 9 a.m. to 5 p.m. CT on the weekend and most holidays. Depending on the situation, you may be required to complete additional forms or provide supporting documents.