Undeclared Interest Income

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zippy
Posts: 2
Joined: Sun May 25, 2014 2:23 pm

Undeclared Interest Income

Post by zippy »

Canadian resident with a US savings account.
Ignorantly have not declared interest income from account for ten years...have 1099-Int forms for last five (lost the others).
How far back to adjust returns? What are consequences? Declaring would not change tax owed in most years.
nelsona
Posts: 18688
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

3 years.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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