i have 4 different banks andi wanted to know if it will increase my tax payment
2006-12-22 09:06:31 · 4 answers · asked by amespinozajr 2 in Business & Finance ➔ Taxes ➔ United States
;Everthing these days is control by your social security numbers.
At the end of the year all accounts information will be reported to the IRS.
2006-12-22 09:15:02 · answer #1 · answered by D S 4 · 1⤊ 1⤋
Nope, different bank accounts does not increase your tax you will pay.
2006-12-24 20:56:28 · answer #2 · answered by strawberrycrush 4 · 0⤊ 0⤋
No, you just have to pay taxes on the interest you make. It doesn't matter if it is one bank or ten banks.
2006-12-22 17:16:16 · answer #3 · answered by Nelson_DeVon 7 · 3⤊ 0⤋
not at all .... your tax depends on your income, it has nothing to do where and how u do banking.
2006-12-22 17:23:06 · answer #4 · answered by Ted 4 · 5⤊ 0⤋