Fillable Form IRS 1000

What is Form 1000?

Form 1000, Ownership Certificate, is an Internal Revenue Service (IRS) form used by a U.S. citizen, resident individual, fiduciary, partnership, or nonresident partnership, all of whose members are citizens or residents, in connection with interest on bonds of a corporation containing tax-free covenant and issued before the first day of the year of 1934.

Income Tax Regulations 103, issued by the Bureau of Internal Revenue, as amended effective January 1, 1942, provide that ownership certificates shall be filed in the case of interest paid on and after January 1, 1942, on obligations of the United States or any agency or instrumentality thereof, regardless of the date of issuance of such obligations. It will be observed that ownership certificates will be required for interest payments on all issues, both taxable and nontaxable, except in the cases of interest payments where the owner is a domestic or resident corporation, a resident-foreign corporation, or a foreign government.

For the owner of bonds, fiduciary, trustee, or agent, use a separate IRS Form 1000 for each issue of bonds. If amended certificates are necessary, forward them to the withholding agent by February 1 of the following year.

For the withholding agents, use Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, to summarize Forms 1000. Do not send Form 1000 to the Internal Revenue Service (IRS). Keep Form 1000 for at least four (4) years after the end of the last calendar year in which the income the form applies to is paid.

If a nonresident foreign corporation with a fiscal or paying agent in the United States issues the obligation, modify IRS 1000 Form to show the name and address of the nonresident debtor corporation in addition to the name and address of the U.S. fiscal or paying agent.

File this form with the withholding agent for interest payments on bonds that have a tax-free covenant and that were issued before 1934 by a domestic corporation or a resident or nonresident foreign corporation.

The Internal Revenue Service (IRS) asks for the information on this form to carry out the Internal Revenue laws of the United States. You are required to give them the information. They need it to ensure that you are complying with these laws and to allow them to figure and collect the right amount of tax. You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid Office of Management and Budget (OMB) control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law.

Generally, tax returns and return information are confidential, as required by Internal Revenue Code section 6103. The time needed to complete and file this form will vary depending on individual circumstances. If you have comments or suggestions concerning this form, you can write to the Internal Revenue Service, Tax Forms and Publications, 1111 Constitution Ave. NW, IR-6526, Washington, DC 20224. Do not send this form to this address.

How to fill out Form 1000?

Filling out the 1000 Form is quick and simple. You can download and print a PDF copy of the two-page tax form from the Internal Revenue Service (IRS) website that you can manually complete. But for your convenience, you can also fill out Form 1000 electronically here on PDFQuick. By simply following the instructions below, you can accomplish the form in minutes.

Owner of Bonds

Enter the full name of the owner of the bonds.

U.S. Identifying Number

Enter the U.S. identifying number of the owner of the bonds.

Name of Withholding Agent

Enter the full name of the withholding agent.

Employer Identification Number

Enter the employer identification number (EIN) of the withholding agent.

Address of Owner

Enter the complete address of the owner of the bonds, including number and street, city or town, state or province, country, ZIP, or foreign postal code.

U.S. Address of Withholding Agent

Enter the complete U.S. address of the withholding agent, including number and street, city or town, state, and ZIP code.

Name of Bond and Date of Issue

Enter the name of the bond and the date it was issued (following the format: MM/DD/YYYY).

For your reference, here are some of the different types of bonds:

Date Interest Due

Enter the date the interest is due, following the format: MM/DD/YYYY.

Date Interest Paid

Enter the date the interest is paid, following the format: MM/DD/YYYY.

Gross Amount of Interest Paid

Enter the gross amount of interest paid to the following classes of bond owners in the appropriate spaces:

Gross interest is simply the pure interest amount paid by a debtor to a creditor. For bonds, the quoted interest income bondholders receive from their investment represents gross interest.

Tax Assumed (2%)

Enter the tax assumed (by two percent) of an individual, estate, or trust, whose taxable income exceeds the deductions for exemptions; or partnership.

Most bonds are taxable. Generally, only bonds issued by local and state governments (for example: municipal bonds) are tax-exempt and even then special rules may apply. If you redeem a bond before its maturity date, you must pay tax on both interest and capital gains.

Signature of Owner, Fiduciary, Trustee, or Agent

Affix the signature of the owner, fiduciary, trustee, or agent.

By signing, you certify that to the best of your knowledge and belief, the information entered on this form is true and correct.

Address of Fiduciary, Trustee, or Agent

Enter the complete address of the fiduciary, trustee, or agent, including number and street, city or town, state, and ZIP code.

If an estate or trust, enter name

If you’re an estate or a trust, enter your full name.