w2009abc Posted March 22, 2009 Posted March 22, 2009 I have just filed the tax return. However, I didn't receive any tax forms from my bank and so the tax refund doesnot include any interest earned via bank. I don't know why my bank didn't send me any such forms.. Maybe its because that I have just opened my savings account (late 2008) and that the interest is less than a $. I am curious to know if IRS will get back to me as trying to hide some income and penalize me.
Aceflyer Posted March 23, 2009 Posted March 23, 2009 Did you ask your bank why they didn't send you a form? I have sometimes had to browbeat banks repeatedly in order to get the necessary tax forms from them.
was1984 Posted March 24, 2009 Posted March 24, 2009 Interest income on savings accounts has to cross a certain threshold before you have to worry about it being taxed. I don't recall exactly what that number is, but at the 0.000000001% interest rate my bank gives me, I've never seen it.
liszt85 Posted March 27, 2009 Posted March 27, 2009 What is the minimum taxable annual income? Say I join a program in August. My stipend is $1500 per month. I'll get 4 full months and half a month of stipends, so that will be a total of about $6750 for the 2009 calendar year. Would I be required to pay taxes on this? (I'm an international student and I'd be getting paid in Atlanta, Georgia).
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