Don't Panic If Tax Department Raids You: Difference between revisions
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Revision as of 16:44, 25 July 2026
One more week until Tax Night out. Have you filed yours yet? I haven't (probably should get on that, actually), while using the I read in USA Today that roughly 47% of Americans won't even have to worry about paying federal income taxes, I start to wonder if I will even bother. Oh sure, there's the threat of prison time for tax evasion, but really, what is the point if half the damn country isn't going to pay up and get off scot-free?
B) Interest earned, however it is not paid, during a bond year, must be accrued following the bond year and reported as taxable income for that calendar year in that the bond year ends.
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