I failed to file my taxes for 2004 & 2005. I just did them, and I am getting a refund, do they have to pay me interest on the money that they owe me?
2007-05-01 04:49:18 · 5 answers · asked by amstotts6850 2 in Business & Finance ➔ Taxes ➔ United States
IRS doesn't have to pay you interest since you didn't file on time. Interest will only be paid to you if you file on time and IRS takes more than 8 weeks to send you the money. For example if you filed and were audited and the the audit would take about 6 months to resolve, you would get paid interest, otherwise IRS will not pay you interest.
2007-05-04 17:10:13 · answer #1 · answered by azgaby24 1 · 0⤊ 0⤋
The IRS only pays interest if the refund was delayed because of something the IRS is responsible for. In your case, the delay is your fault, so no interest will be paid.
2007-05-01 12:20:41 · answer #2 · answered by STEVEN F 7 · 2⤊ 0⤋
Since you're the one responsible for having money due to you, since you didn't file until recently, they don't have to pay you interest. If your refund had been held up by them, then they would.
2007-05-01 10:08:14 · answer #3 · answered by Judy 7 · 3⤊ 0⤋
It's your fault you didn't file on time,, no blame to the IRS for that, so they would not owe you interest.
2007-05-01 04:59:11 · answer #4 · answered by Jo Blo 6 · 3⤊ 0⤋
No, they do not. You don't become entitled to the refund until you file the return. The delay was your fault, not the IRS', so you are not entitled to receive interest on the refund.
2007-05-01 04:53:38 · answer #5 · answered by Bostonian In MO 7 · 6⤊ 1⤋