IRS announces interest rate increases beginning Oct. 1, 2022
Does the IRS charge interest? Yes! The IRS charges underpayment interest when taxpayers don’t pay their tax, penalties, additions to tax, or interest by its due date. Generally, this interest accrues from the due date until the balance is paid in full. Does the IRS pay interest? Yes! The IRS pays overpayment interest when taxpayers […]
IRS announces interest rate increases beginning Oct. 1, 2022 Read More »