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Subject Author Date
Telephone Tax Refund? Ha! Rick Blaine 01-14-2008
Posted by Ken Abrams on January 15, 2008, 10:42 pm
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> Doesn't seem like much to whine about.

Certainly doesn't.
Viewed from a slightly different perspective, however.........
Knowing that they were going to handle it that way, the IRS could have
deducted 15% of the interest right up front and been done with it.


Posted by Paul Thomas, CPA on January 16, 2008, 8:17 am
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> Knowing that they were going to handle it that way, the IRS could have
> deducted 15% of the interest right up front and been done with it.



Then the 1099-INT would report the gross interest (for federal and state tax
purposes) and the 15% tax withheld.








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