Cha-Ching at the IRS. When you owe the IRS money, you have to pay interest on your amount due (this interest rate is adjusted quarterly).
But did you know if the IRS owes you money, they also must pay interest on that amount due?
This big news this week is that the new IRS interest rate is now 8% for Q4, compounded daily.
That means if you owe money, it’s in your best interest to get it paid off ASAP.
And if the IRS owes you money? Cha-Ching!
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