Filing taxes is personality and complex process to begin with individuals. Making errors will happen from in order to time, nevertheless the one thing you not keen to do is understate the income you en. Underreporting earnings is method to get the IRS hopping mad. B) Interest earned, however, not paid, throughout a bond year, must be accrued at the end of the bond year and reported as taxable income for that calendar year in in which the bond year ends. ...