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<p>[QUOTE="imrich, post: 26134956, member: 22331"]Do I need to report bank interest less than $10?</p><p><br /></p><p>Reporting under $10: Even if you earned less than $10 in interest and didn't receive a 1099-INT, <b>you're still required to report it</b>. While the IRS might not pursue such small amounts aggressively, it's best to be thorough and avoid any potential issues.Jan 20, 2025</p><p><br /></p><p>The IRS is intending to employ individuals who may have problems with normal employment, as disabled, Veterans, etc.. because tax evasion has required them to imprison virtually all hardened criminals!</p><p><br /></p><p>The IRS aimed to hire around 20,000 employees in FY 2024, funded by the Inflation Reduction Act (IRA), to improve taxpayer services and bolster tax enforcement, especially on wealthy individuals and corporations.</p><p><br /></p><p>Several high-profile individuals, including <a href="https://www.google.com/search?client=firefox-b-1-d&sca_esv=40110b24e13515f5&cs=0&q=Al+Capone&sa=X&ved=2ahUKEwiugsfl5saMAxWGkokEHdVjBHYQxccNegQIAhAB&mstk=AUtExfBNlQ4iyHUgz13lU-w1wkGzS32vpRmi7_pPMA1B98jJs7enrbKvoMph1vUnZ9NPq6Ajwk1Cdag-IXIzwLWEYAQAzu47SlUW7mT4wu1HETsNJRBK4l0mdZLMBLiBKlpOCJ8&csui=3" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.google.com/search?client=firefox-b-1-d&sca_esv=40110b24e13515f5&cs=0&q=Al+Capone&sa=X&ved=2ahUKEwiugsfl5saMAxWGkokEHdVjBHYQxccNegQIAhAB&mstk=AUtExfBNlQ4iyHUgz13lU-w1wkGzS32vpRmi7_pPMA1B98jJs7enrbKvoMph1vUnZ9NPq6Ajwk1Cdag-IXIzwLWEYAQAzu47SlUW7mT4wu1HETsNJRBK4l0mdZLMBLiBKlpOCJ8&csui=3" rel="nofollow">Al Capone</a>, <a href="https://www.google.com/search?client=firefox-b-1-d&sca_esv=40110b24e13515f5&cs=0&q=Wesley+Snipes&sa=X&ved=2ahUKEwiugsfl5saMAxWGkokEHdVjBHYQxccNegQIAhAC&mstk=AUtExfBNlQ4iyHUgz13lU-w1wkGzS32vpRmi7_pPMA1B98jJs7enrbKvoMph1vUnZ9NPq6Ajwk1Cdag-IXIzwLWEYAQAzu47SlUW7mT4wu1HETsNJRBK4l0mdZLMBLiBKlpOCJ8&csui=3" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.google.com/search?client=firefox-b-1-d&sca_esv=40110b24e13515f5&cs=0&q=Wesley+Snipes&sa=X&ved=2ahUKEwiugsfl5saMAxWGkokEHdVjBHYQxccNegQIAhAC&mstk=AUtExfBNlQ4iyHUgz13lU-w1wkGzS32vpRmi7_pPMA1B98jJs7enrbKvoMph1vUnZ9NPq6Ajwk1Cdag-IXIzwLWEYAQAzu47SlUW7mT4wu1HETsNJRBK4l0mdZLMBLiBKlpOCJ8&csui=3" rel="nofollow">Wesley Snipes</a>, and <a href="https://www.google.com/search?client=firefox-b-1-d&sca_esv=40110b24e13515f5&cs=0&q=Dennis+Kozlowski&sa=X&ved=2ahUKEwiugsfl5saMAxWGkokEHdVjBHYQxccNegQIAhAD&mstk=AUtExfBNlQ4iyHUgz13lU-w1wkGzS32vpRmi7_pPMA1B98jJs7enrbKvoMph1vUnZ9NPq6Ajwk1Cdag-IXIzwLWEYAQAzu47SlUW7mT4wu1HETsNJRBK4l0mdZLMBLiBKlpOCJ8&csui=3" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.google.com/search?client=firefox-b-1-d&sca_esv=40110b24e13515f5&cs=0&q=Dennis+Kozlowski&sa=X&ved=2ahUKEwiugsfl5saMAxWGkokEHdVjBHYQxccNegQIAhAD&mstk=AUtExfBNlQ4iyHUgz13lU-w1wkGzS32vpRmi7_pPMA1B98jJs7enrbKvoMph1vUnZ9NPq6Ajwk1Cdag-IXIzwLWEYAQAzu47SlUW7mT4wu1HETsNJRBK4l0mdZLMBLiBKlpOCJ8&csui=3" rel="nofollow">Dennis Kozlowski</a>, have faced imprisonment for tax evasion, highlighting the severity of the crime and its impact on individuals and society[/QUOTE]</p><p><br /></p>
[QUOTE="imrich, post: 26134956, member: 22331"]Do I need to report bank interest less than $10? Reporting under $10: Even if you earned less than $10 in interest and didn't receive a 1099-INT, [B]you're still required to report it[/B]. While the IRS might not pursue such small amounts aggressively, it's best to be thorough and avoid any potential issues.Jan 20, 2025 The IRS is intending to employ individuals who may have problems with normal employment, as disabled, Veterans, etc.. because tax evasion has required them to imprison virtually all hardened criminals! The IRS aimed to hire around 20,000 employees in FY 2024, funded by the Inflation Reduction Act (IRA), to improve taxpayer services and bolster tax enforcement, especially on wealthy individuals and corporations. Several high-profile individuals, including [URL='https://www.google.com/search?client=firefox-b-1-d&sca_esv=40110b24e13515f5&cs=0&q=Al+Capone&sa=X&ved=2ahUKEwiugsfl5saMAxWGkokEHdVjBHYQxccNegQIAhAB&mstk=AUtExfBNlQ4iyHUgz13lU-w1wkGzS32vpRmi7_pPMA1B98jJs7enrbKvoMph1vUnZ9NPq6Ajwk1Cdag-IXIzwLWEYAQAzu47SlUW7mT4wu1HETsNJRBK4l0mdZLMBLiBKlpOCJ8&csui=3']Al Capone[/URL], [URL='https://www.google.com/search?client=firefox-b-1-d&sca_esv=40110b24e13515f5&cs=0&q=Wesley+Snipes&sa=X&ved=2ahUKEwiugsfl5saMAxWGkokEHdVjBHYQxccNegQIAhAC&mstk=AUtExfBNlQ4iyHUgz13lU-w1wkGzS32vpRmi7_pPMA1B98jJs7enrbKvoMph1vUnZ9NPq6Ajwk1Cdag-IXIzwLWEYAQAzu47SlUW7mT4wu1HETsNJRBK4l0mdZLMBLiBKlpOCJ8&csui=3']Wesley Snipes[/URL], and [URL='https://www.google.com/search?client=firefox-b-1-d&sca_esv=40110b24e13515f5&cs=0&q=Dennis+Kozlowski&sa=X&ved=2ahUKEwiugsfl5saMAxWGkokEHdVjBHYQxccNegQIAhAD&mstk=AUtExfBNlQ4iyHUgz13lU-w1wkGzS32vpRmi7_pPMA1B98jJs7enrbKvoMph1vUnZ9NPq6Ajwk1Cdag-IXIzwLWEYAQAzu47SlUW7mT4wu1HETsNJRBK4l0mdZLMBLiBKlpOCJ8&csui=3']Dennis Kozlowski[/URL], have faced imprisonment for tax evasion, highlighting the severity of the crime and its impact on individuals and society[/QUOTE]
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