What are the statute of limitations for tax assessments related to unreported interest?

You will need to file if you lived in the city during any part of the tax year and had taxable income. ... Interest from bank accounts; Interest from credit ... Do I have to pay penalties or interest? A taxable Possessory Interest may exist whenever there is a private, beneficial use of publicly-owned, non-taxable real property. Interest: Mortgage interest and investment interest allowed as a federal deduction. ▫ Medical expenses: In excess of 10 percent of the taxpayer's FAGI. ▫ ... Interest income earned from savings accounts, money market deposit accounts, and CDs is typically subject to federal income tax. Enter taxable interest and report it on Schedule B. In the B&D window, open the Interest income statement. Interest income from state and local government obligations is exempt federally, but is taxable in Nebraska, except interest on bonds issued by Nebraska state ... Interest and dividends from obligations from other states or their political or municipal subdivisions are exempt from federal income tax but taxed by Louisiana ... North Dakota charges interest at the rate of 12% per year. It is computed from the filing deadline to the date when all tax, interest and penalties are fully ... Every January and July, the California Department of Tax and Fee Administration (CDTFA) evaluates the rates. If CDTFA determines that a rate change is required, ...