Will the banks report less than $10 interest to IRS?

[manbeing]

I know the banks won't issue 1099 INT forms if the interest earned less than $10.

But i just wanted to know if they will still report those less than $10 to IRS anyway.

Thanks.

[fanfare · Accepted solution]

IRS is not going to go after you for the tax on less than $10 interest.

And no, IRS does not know about it unless you report it.