Original Issue Discount

Forms and Documents

Document	Type	Status	Availability
Form 1099 OID Original Issue Discount	Form	Modified	Available
Supporting Statement-1545-0117.docx	Supporting Statement A	Uploaded 2026-06-16	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
16931	Form 1099-OID - Original Issue Discount	Form	Modified	Original Issue Discount
16931	Form 1099-OID - Original Issue Discount	Instruction	Modified

ICR Details

OMB Control No: 1545-0117	ICR Reference No: 202602-1545-010
Status: Received in OIRA	Previous ICR Reference No: 202301-1545-008
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Original Issue Discount
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 06/30/2026

	Requested	Previously Approved
Expiration Date	36 Months From Approved	06/30/2026
Responses	5,832,633	4,411,100
Time Burden (Hours)	2,274,727	1,720,329
Cost Burden (Dollars)	0	0

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Abstract: Form 1099-OID is used for reporting original issue discount as required by section 6049 of the Internal Revenue Code. It is used to verify that income earned on discount obligations is properly reported by the recipient.

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Authorizing Statute(s): US Code: 26 USC 6049 Name of Law: Returns regarding payments of interest
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 59656	12/19/2025
30-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 39720	06/30/2026
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form 1099-OID - Original Issue Discount	1099 OID	Original Issue Discount

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ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	5,832,633	4,411,100	0	0	1,421,533	0
Annual Time Burden (Hours)	2,274,727	1,720,329	0	0	554,398	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The form 1099-OID has not changed, but IRS has updated its estimate of the time necessary to complete the form from 0.23 hours (13.8 minutes) to 0.39 hours (23.4 minutes) per response. The number of estimated respondents has increased by 1.421 million. The updated annual time estimate will increase the burden by 554,398 hours. We are submitting this request to update the burden estimates and for renewal purposes.

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Annual Cost to Federal Government: $49,865

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 06/30/2026

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