ING Direct Interest Income?

[edro]

I made $64.23 in interest this year, from the $25+referal+referal+referal+interest.

I already did my taxes and didn't list this as interest income. Will I get auditted?

I hope the IRS doesn't read ATOT.

 

[Hoober]

Depends on if ING reports it to the feds.

I'm reporting interest income from my checking and savings accounts, ING included.

 

[z0mb13]

fat chance u will get audited

but how hard is it just to add 64 for the interest? its not like you will have to pay a lot anyways

 

[edmicman]

yeah, why is the $25 and referral listed as interest income?? shouldn't it just be a standard deposit?

 

[CRXican]

You're supposed to report it, they allow you to print the documents from their website. I opened my ING savings account this month.

 

[brtspears2]

I just went ahead and reported the referal income. Overall still ahead on the deal. A few bucks now has to be better than an IRS audit.

 

[richardycc]

Originally posted by: edmicman
yeah, why is the $25 and referral listed as interest income?? shouldn't it just be a standard deposit?

it was in the TOS that any referral/free signup money will be counted as interest, don't people read anymore?

 

[spacelord]

Uncle Sam says there's no such thing as free money.

 

[Mayfriday0529]

Originally posted by: richardycc

Originally posted by: edmicman
yeah, why is the $25 and referral listed as interest income?? shouldn't it just be a standard deposit?

it was in the TOS that any referral/free signup money will be counted as interest, don't people read anymore?

Its easy to reported right? i will try to do my own taxes this year with tax software this year.

 

[NutBucket]

All tax software allows you to put down 1099 info. (that's the form you get from ING). I'll be reporting mine as well as those from other accounts.

 

[DaveSimmons]

I wonder if the IRS will give me $25 for referring edro13?


I report my interest, dividend and capital gains income.

 

[NutBucket]

Originally posted by: DaveSimmons
I wonder if the IRS will give me $25 for referring edro13?


I report my interest, dividend and capital gains income.

:laugh:

 

[RossMAN]

I'll report my $250 in referrals + interest earned.