May not be for this forum but it is keeping me awake at night I realize this is a moving number and offer this question only as a curious topic:* If the IRS allows 8% interest on overpayments can a Taxpayer chose to file later knowing He/She has a $10,000 refund due, would it make sense or do any harm to just delay filing two-three years to accrue the refundable interest? Better than a CD?!
IRS news release IR-2023-154 and Rev. Rul. 2023-17 announce that interest rates for the fourth calendar quarter of 2023 (beginning Oct. 1) will increase to 8%. The 8% rate last applied in the fourth quarter of 2007.
*
The rates are:
*
·*** 8% for overpayments (7% in the case of a corporation),
·*** 8% for underpayments,
IRS news release IR-2023-154 and Rev. Rul. 2023-17 announce that interest rates for the fourth calendar quarter of 2023 (beginning Oct. 1) will increase to 8%. The 8% rate last applied in the fourth quarter of 2007.
*
The rates are:
*
·*** 8% for overpayments (7% in the case of a corporation),
·*** 8% for underpayments,