Quote:
Originally posted by AzCivic
no they don't, i've never heard of someone getting audited cause they didn't claim the 8.95$ in interest they made which means they owe the IRS something like $1.34. especially since the majority of americans pay way more in taxes through the year than they should and get a tax refund.
If you actually use a savings account to hold a larger amount of cash then yeah of course you need to claim it, but according to GT he doesn't have enough in there that the difference in interest rate wouldn't make much of a difference in what he'd make.
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Oh. Well since you never heard of it then it must not exist.
And I never said you would get audited for a 1.25.