Should I report small interest amount (~150) in my tax return?

likefunny
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It depends if you claim you are a Sovereign citizen. If so, you do not have to pay taxes.

likefunny

They don’t really hate it, they just charge you a lot of interest and penalties.

like

Yes.

like

Yes. That’s a easy thing they can catch on a scan

like

Yes, your bank reported that income to the IRS on a1099, it’s going to get cross checked.

like

If you don’t want to commit a crime, yes.

funny

https://joinfishbowl.com/post_j71gi5rad2

So which is it, 200 or 150?

No if you are a foreign person (not U.S. citizen, not U.S. resident, not U.S. person). U. S. Person includes resident aliens (if you met substantial presence test).

The limit is $10. Under 10 no. 150 absolutely yes

How many Big4 accountants does it take to answer a simple question? Bunch knuckleheads

Yes

God you are all weenies, dont report it! The IRS wont be shitee

-1 😂

Wait, OP you are in the ACCOUNTING bowl and asking if you should CHEAT ON YOUR TAXES? do you also “not care” if your trial balance doesn’t balance? Sheesh. Smh

Yes you definitely want to make sure you report that, even if it is a really small amount.

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