Posted by taxguru on March 16, 2016
The long streak of IRS charging 3.0% on back taxes will end on April 1, 2016, when it bumps up to 4.0%.
The “good” part of this change is that IRS will also be paying 4.0% interest to taxpayers on refunds from such things as amended tax returns. That’s a heck of a lot higher than banks are paying on savings accounts.
Posted in Uncategorized | Comments Off on First IRS Increase in Interest Rates since 2011
Posted by taxguru on March 16, 2016
I have heard several people proclaim that we are now less than a month away from the dreaded April 15 deadline. Not quite.
It may not seem like a big deal to most people, but for those of us in the Tax Season trenches, three more days can ease a lot of pressure.
Posted in TaxDay | Comments Off on 2016 Tax Day Is April 18
Tax Guru - Ker$tetter Letter 