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If you open a Swiss Bank Account, in Europe, and want to recieve 1-month or qtrly interest checks, 1099 or Tax

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If you open a Swiss Bank Account, in Europe, and want to recieve 1-month or qtrly interest checks, 1099 or Tax

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  1. It is interest income. The country where you have the bank account may withhold taxes on the income.

    You must report the income on your U.S. tax return if you are a U.S. citizen or resident.

    Read: : http://taxipay.blogspot.com/2008/03/us-c...

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