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Financial Planning / Tax Strategies


Subject:  Re: Refund question Date:  8/11/2010  4:55 PM
Author:  TMFPMarti Number:  110872 of 127638

does the IRS pay you interest on your money that they having been holding onto for almost 15 years? If so, what is the interest rate they pay?

They pay the same amount on overpayments that they charge for underpayments (for individuals). The rate adjusts quarterly.

Ordinarily a refund on the periods you mention would be barred by time. Do you have more information about why you think you would be getting a refund?

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