When reviewing Form 13614-C, you see the "Interest" question is marked "Yes" and the taxpayer gives you a Form 1099-INT. You sho

Question

Nataliya [291]

3 years ago

14

When reviewing Form 13614-C, you see the "Interest" question is marked "Yes" and the taxpayer gives you a Form 1099-INT. You sho

uld ask the taxpayer if they had any other interest income.

Business

1 answer:

mixas84 [53] · Answer 1 · 2022-07-16T00:11:24+03:00

Answer:

True

Explanation:

It is essential to know and ensure that the taxpayer lists all the sources of income before the Form 13614-C is being submitted. This is necessary for the calculation of the tax to be paid by the person. The taxpayer should also fill the Form 1099-INT and declare all other sources of income. The statement above is true.