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Horizons H O R I Z O N S POINTS OF INTEREST: Annual Meeting 20172018 Slate of Officers 2 0 1 6 Annual Meeting 2016 Embracing Unity One in the Spirit Pill Bottle Project F A L 2017 Calendar That all

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What is interest?

Interest is the amount of money charged by a lender to a borrower for the use of assets.

Who is required to file interest?

Individuals and businesses who earn interest income are required to file interest.

How to fill out interest?

Interest income should be reported on a tax return form, such as Form 1099-INT.

What is the purpose of interest?

The purpose of interest is to compensate the lender for the opportunity cost of lending money.

What information must be reported on interest?

Information such as the amount of interest earned, the name of the lender, and the account number must be reported.

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