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Which one of the following statements describes interest payments made to the taxpayer? Generally, such payments are reported to the taxpayer on Form 1099-INT. Interest
Which one of the following statements describes interest payments made to the taxpayer? |
Generally, such payments are reported to the taxpayer on Form 1099-INT. Interest income of less than $10 is not required to be reported. Federal income tax is not withheld on any interest payments. No interest is reportable unless the taxpayer actually receives it.
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