Announcement

Collapse
No announcement yet.

Interest on us saving bonds and treas obligations

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Interest on us saving bonds and treas obligations

    Client Received a statement from the Treasury Department showing ACCRUED INTEREST. Is this to reported as income. Thanks in advance

    #2
    If they cashed H or HH bonds the accrued interest would be the interest earned on the bonds when they were E or EE bonds. Still taxable, same rules.
    In other words, a democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.
    Alexis de Tocqueville

    Comment

    Working...
    X