Comment by rootusrootus
7 hours ago
> You still need to include the cents in a tax bill that runs into the millions of dollars
Not in all cases. The IRS does not use cents when you file your tax return, they say round to the nearest dollar.
7 hours ago
> You still need to include the cents in a tax bill that runs into the millions of dollars
Not in all cases. The IRS does not use cents when you file your tax return, they say round to the nearest dollar.
It used to be that they gave you the choice. You could round or you could use pennies but you had to be consistent throughout the return, because even the IRS doesn’t care if you manage to scrape out 49 cents.
Has that changed and it has to be dollars now?
I think my accountant still gives me a choice of what to do and certainly I still get forms with cents on them.