Some tax documents may be sent by mail. Please contact your local branch or give us a call at (800) 683-0973 with any questions.
Notice: 1099-INT Reporting Changes for 2020
Announcing simplified 1099-INT reporting for all depositors.
Beginning in 2021 for the 2020 tax year, 1st Security Bank will only send an interest reporting form (1099-INT) for interest amounts over $10. If you need to know paid interest amounts under $10, you can find this information in your Online Banking session under Account Details, or by calling one of our 21 branch locations during regular business hours.
Banks and other payers of interest are only required to report paid interest amounts over $10 to the IRS in any calendar year. Our decision to eliminate notifications for amounts under $10 is in line with the IRS requirement. It does not change any obligation to report interest by an individual or business taxpayer per the IRS regulations. For information specific to your tax situation, please consult with your tax advisor or attorney.