From: utzoo!decvax!yale-com!leichter Newsgroups: net.taxes Title: Re: Avoiding Interest Withholding Article-I.D.: yale-com.830 Posted: Tue Feb 8 10:32:03 1983 Received: Fri Feb 11 04:33:48 1983 References: eagle.768 The limit at which institutions MUST start witholding is $100 interest for the year. They MAY, however, withold on smaller amounts, and most probably will, since they then get to hold on to your money until the end of the quarter, earning interest on it but not having to pay you anything. One interesting (no pun intended) question is what happens if you have several accounts at the same bank, no one earning more than $100, but together over the limit? The last I heard, the regulations on this - which are up to the IRS to draft - had not yet been issued; the law as written doesn't say. As always, though, expect the banks to be enthusiastic about witholding for (against?) you, whatever the regs turn out to be. -- Jerry decvax!yale-comix!leichter