Comments on: Interest income from savings under $10.00?

By: deymond

deymond — Fri, 18 Dec 2009 01:28:45 +0000

If it is under $10, you do not have to report it, regardless of whether or not you receive the 1099.

If it was above $10, you would be required to report it regardless of whether or not you received a 1099.

CPA 20 Years of experience and a number of IRS and State audits.

jr8chvygirl — Thu, 17 Dec 2009 23:41:19 +0000

u might not get a 1099 but if you do you dont have to file under 10.00

CPA 20 Years of experience and a number of IRS and State audits.

albo888888 — Thu, 17 Dec 2009 22:57:19 +0000

Millions of people don’t bother.

CPA 20 Years of experience and a number of IRS and State audits.