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Note: The article author is just not a CPA or tax qualified. This article is for general information purposes, and needs to not be construed as tax good advice. Readers are strongly asked to consult their tax professional regarding their personal tax situation.

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B) Interest earned, although paid, during a bond year, must be accrued after the bond year and reported as taxable income for the calendar year in how the bond year ends.

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He needed to know only was worried that I paid involving to The government. Of course there wasn't any need so that i can worry because I had made sure the proper amount of allowances were recorded tiny W-4 form with my employer.

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