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

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.

Best answer by fanfare

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.

Employee

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.

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