Credit Union Savings

[chicago]

I have a substantial amount in my c.u. account and have discovered that I have not been paying DIRT on the interest.They said they sent me out a letter in 2002 asking if I wanted it taken out by them but I did not receive this letter.Could anyone tell me how far back I have to go paying this DIRT and how it is calculated?Any help would be appreciated...

 

[ClubMan]

Are you sure that you're not liable for income tax (41% or 20%) and not DIRT (20%) on any returns? Returns on some CU accounts are liable for income tax. If you have outstanding tax liabilities then I think you need to go back as far as they date from. Depending on the likely liabilities you might need professional advice.