I'm considering opening an online savings account with ING . . . is there a benefit to doing it while it's still 2006 or will this be a liability for some reason. I'm clueless when it comes to financial/tax matters!
2006-12-29 10:27:32 · 6 answers · asked by SWMynx 3 in Business & Finance ➔ Taxes ➔ United States
No advantage or disadvantage.
You will have to pay taxes on the interest you earn from the savings. More than likely you wouldn't earn enough money this year to pay taxes. So it doesn't really matter either way....
2006-12-29 10:40:45 · answer #1 · answered by Anonymous · 1⤊ 0⤋
There is no benefit or liability from a tax standpoint to opening a bank account at the end of the year.
2006-12-29 12:54:04 · answer #2 · answered by ninasgramma 7 · 0⤊ 0⤋
This question posted after noon on the last business day of the year. By the time the account is actually created, it will be 2007. That said, the only difference is tax on any interest paid in the current year. That's not much this late in the year.
2006-12-29 12:09:50 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
don't get a fastened activity account. instead get a fastened bonus for 12 months and a variable activity fee. this might recommend you get the a million.5% activity for 12 months and then if the expenditures pass up you will get the better fee. in the event that they pass down you in basic terms open a sparkling account. even if in case you get a fastened fee account you may continuously open yet another account. I certainly have various money owed and circulate funds between them finding on the expenditures and so on. Use assessment web pages for the suited money owed to open.
2016-12-31 06:27:57 · answer #4 · answered by dustman 3 · 0⤊ 0⤋
There's no benefit in waiting.
2006-12-29 10:29:11 · answer #5 · answered by Ahwell 7 · 0⤊ 0⤋
You may want to check out emigrantdirect.com to compare rates.
2006-12-29 10:48:15 · answer #6 · answered by Anonymous · 0⤊ 0⤋