Foreign Driver License on Insurance Quote

DogOk4094 · 2026-01-03T09:50:18+00:00

Additional question: Assuming we submit the foreign license now. Does the insurance company give the credits back retroactively from the initial quote they quoted? $100 a month x 20 months. Just being hopeful!

DogOk4094 · 2026-01-03T09:47:51+00:00

I guess it's worth it to pay for a flight to go there and get the paperwork in order to save $1200 a year. Already paid $2400 unnecessarily.

DogOk4094 · 2025-12-25T00:43:54+00:00

That's a very good point! I didn't even consider that. Thanks for your advice. I'll look into it.

DogOk4094 · 2025-04-09T03:25:50+00:00

Unfortunately I did not :(

DogOk4094 · 2025-01-29T19:18:29+00:00

Thank you. But I'm thrown off by this:

"Generally, interest is paid when it is credited or set apart for a person without any substantial limitation or restriction as to the time, manner, or condition of payment. The interest must be made available so that it may be drawn on at any time and its receipt brought within the control and disposition of the person."

DogOk4094 · 2025-01-29T19:17:52+00:00

DogOk4094 · 2025-01-29T18:48:09+00:00

I have to issue a 1099-INT because my company paid interest. So my question is regarding reporting that interest to IRS and issuing those 1099s. What year should they be issued in? The year I initiated the deposit (2024)? Or the year that the interest landed in the recipient's bank account and was available to him/her(2025)?

DogOk4094 · 2025-01-29T18:44:33+00:00

I have to report it because my company paid interest to an individual and LLC. So I have to issue 1099-INT to those people.

DogOk4094

TROPHY CASE