ING Direct Tax Forms Available Now

by Flexo on January 18, 2008

in Taxes

I just checked my ING Direct savings account and noticed that the bank has its customers’ tax forms ready to download now.

Banks are required to generate 1099-INT forms, which report the amount of interest earned, for anyone who has accumulated more than $10 in interest throughout the year. I love the convenience of obtaining these forms online rather than in the mail. I simply save the reports as Adobe Acrobat files (PDFs) into a directory on my computer where I keep all of my tax information.

I would expect other banks to have tax forms for 2007 ready shortly. The more I can keep digitally, the better.

You can retrieve your ING Direct tax forms by logging into your account and clicking on “1098/1099 Tax Forms” while viewing your account overview.



About the Author

Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

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{ 5 comments… read them below or add one }

1 Lily January 18, 2008 at 4:23 pm

My HSBC Online Savings Account distributed the 1099-INT with the last statement that covers some part of Dec 2007. So HSBC customers may want to check their latest statements for the “Important Tax Documents Included” line.

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2 Mars January 20, 2008 at 11:00 am

How did you save the ING’s 1099 as PDF? I didn’t see an option to do so unless you have a PDF writer..

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3 Ken January 23, 2008 at 4:58 pm

In addition to convenience, it’s nice from a security point of view since the 1099’s usually include your SSN. I’m always worried that the mailman will deliver the 1099 to the wrong address.

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4 Flexo January 24, 2008 at 1:29 am

Ken: Excellent point. There is more of a chance of someone coming in contact with your SSN through the mail than through encrypted web connections.

Reply

5 Carter Kirkwood January 25, 2008 at 2:20 pm

Flexo, I agree with the sentiment “the more I can keep digitally, the better.”

Do you also download other types of financial documents? Have you figured out an easy way to organize the digital documents that you do download?

Ken I agree with your comments about digital downloading being more secure. Have either of you found a simple way to securely share your documents with a profesional tax preparer?

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