Stupid Tax Tip #1
According to my mailbox, it’s tax time. “The Running of the 1099s”, if you will. I got a note from ING DIRECT saying that I was not going to get a 1099. That’s right. They sent me something saying they weren’t going to send me something. They run a tight ship and I’m onboard! I betcha if ING does something that isn’t on their “To Do” list, they go back, write it on the list, then cross it off.
Why no 1099? I had my dough elsewhere in 2012. I didn’t earn $10 in interest at ING. That is the cut-off point. Banks don’t have to report less than $10 interest. If you made less than a sawbuck and the banks didn’t send you a 1099 – you don’t have to report it.
Stupid Tax Tip #1: Open 1,000 accounts. Put $100 in each. Don’t report interest.
Artwork: LeeRobert (I added the “$” icing – pretty sweet, huh?)