Are business savings accounts taxed?
Interest earned in business savings accounts must be reported as taxable income.
Gabriela Walsh is an editor at Bankrate and a Certified Educator in Personal Finance®. Her previous work experience includes various editorial positions at FinanceBuzz. She combines her understanding of language and literature with her commitment to delivering content that empowers others to build healthy money management skills.
Gabriela lives in Columbia, South Carolina. In her free time, she loves to read and travel.
Interest earned in business savings accounts must be reported as taxable income.
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