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.
Updated March 22, 2011 and originally published January 18, 2008. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.