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interest income

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This page displays all the results for the Interest Income tag, sorted by the most recent activity. There are a total of 1 questions that have been tagged with Interest Income. Explore the questions to find discussions and information relevant to this topic.
Oct 18, 2020
6 years ago
Ace ****
ORIGINAL POSTER
Question regarding opening bank here as a US citizen. I had to do the W9 form. The bank person said the US government will tax me based on the money I leave in the bank. I just wonder how does it all work. Will the tax be on the interest amount or the total balance amount?

Thanks in advance
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