(bank made bonus payments to IRAs of new customers; such payments not subject to information reporting, but payments to new I.R.C. Sec. 529 plans are subject to information reporting if of $600 or more).
The Center for Agricultural Law and Taxation does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. The Center's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.