Interest income statement Definition
A paper information return showing the amount of reportable interest paid to a taxpayer. Typically, the return shows the total amount of such interest paid to that taxpayer in a year. This return has to be mailed to the taxpayer no later than the end of January following the tax year in which the payment of interest to the taxpayer occurred. The statement may include interest on accrual (EE/I/E) or current income (HH/H) savings bonds.