As promised, at a conference yesterday, I asked the DOR about whether Capital One's ATM's in Peete's Coffee Shops qualify Capital One Bank interest as MA Banks interest. The DOR Rep, said he would think it does. I talked with the two Tax Pro's sitting next to me and they both thought it would as well. One brought up the point that for Capital One to have an ATM in MA they would have to be licensed as a bank in MA. Assumning this is true, I would think it iis safe to call it MA bank interest.
-
-
Very interesting but I can appreciate the logic that in order to have their own ATM in MA they would have to be licensed in MA.
From a practical perspective it makes little difference for people who have more than $200 of bank interest!Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR -
thank you
Kram thank you so much.Comment
Comment