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AXZD Pricing Agreement Form03 05 08 2doc

AXZD Pricing Agreement Form03 05 08 2doc

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now we've looked at wages in the capture of wage data now let's discuss other types of income including interest dividends alimony and unemployment note that interest dividends and alimony are in lesson 8 in publication 4491 unemployment is covered in Lesson 12 all right is interest earned or not earned You know despite the fact that money you might have deposited in a bank earns interest a taxpayer really doesn't need to do anything while it was in the bank to receive the extra money so interest is not earned interest can be paid for cash held within checking in bank accounts uh Banks and credit unions or for bonds of various types and for money loaned out to others uh if I loan money out to my co-work a bill and he pays me back with interest that interest should be reported to me or buy me I should say as income we generally see two types of Interest forms most 1099 int forms like the one shown here are issued by financial institutions such as Banks or credit

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