I’m not suggesting that at all, I’m merely suggesting that you review your interest in your bank account since it could be a number the IRS could be interested in. It all depends on how much savings you have, what interest rate you get, etc, but even some checking accounts can have enough interest to be interesting.
I’m not suggesting that at all, I’m merely suggesting that you review your interest in your bank account since it could be a number the IRS could be interested in. It all depends on how much savings you have, what interest rate you get, etc, but even some checking accounts can have enough interest to be interesting.
With the higher funding for the IRS, we’re seeing more audits, and poorer people will likely get audited more. So I’m just trying to protect people from getting audited.