The “As Of” date on a Tax Account Transcript is the date your penalties and interest are estimated to be calculated to determine if you have a balance due or a tax refund. It’s computed to a future date in case someone may owe and want to mail their check-in rather than pay online. What…
Some taxpayers have good news and a deposit on the way: The Treasury Department and IRS are sending refund interest payments to about 13.9 million individual taxpayers who filed their 2019 federal income tax returns on time. What is refund interest? The IRS is generally required to add interest to any refunds issued more than…
