IRS to pay 5 percent interest to individuals with delayed tax refunds
The IRS will start paying 5 percent in guaranteed interest
The IRS will start paying 5 percent in guaranteed interest
to individuals with delayed tax returns beginning in July,
to individuals with delayed tax returns beginning in July,
up a percentage point from the last interest rate hike that took effect in April.
up a percentage point from the last interest rate hike that took effect in April.
The agency will also pay 4 percent interest on delayed corporate tax returns,
The agency will also pay 4 percent interest on delayed corporate tax returns,
5 percent on underpayments on tax returns and 7 percent for "large corporate underpayments,"
5 percent on underpayments on tax returns and 7 percent for "large corporate underpayments,"
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