Markus
Los Angeles,#2Consumer Comment
Sat, March 01, 2008
Wachovia offered you $50 to open an account. Wachovia has to report this to the IRS otherwise they would get in trouble. You have to report this as interest income otherwise you will get into trouble. Even if you had to pay 50% taxes that would still leave you with $25 net after taxes. I do not see the ripoff. I don't think you will get into trouble for filing an amended return, since you got the 1099 late.