Stupid Tax Tip #1


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CletusAccording 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?)





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  1. Brandine Spuckler
    Brandine Spuckler01-22-2013

    Good advice for a tax tip.

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