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From: bobn@bmcg.UUCP (Bob Nebert)
Newsgroups: net.taxes
Subject: Re: Waiting for my return
Message-ID: <1669@bmcg.UUCP>
Date: Fri, 10-May-85 15:31:57 EDT
Article-I.D.: bmcg.1669
Posted: Fri May 10 15:31:57 1985
Date-Received: Tue, 14-May-85 06:57:23 EDT
References: <13400001@ism70.UUCP> <678@mtuxo.UUCP>
Organization: Burroughs Corp. ASG, San Diego, CA.
Lines: 20

> REFERENCES:  <13400001@ism70.UUCP>
> 
> 	If you have not received your return from your Federal taxes by
> June 1, 1985, then Uncle Sammy has to pay you interest at the rate of 13%.
> 
> -- 
> 
> 				R. Kevin Laux
> 				Software Vendor Tech Support
> 				ATTIS Lincroft
> 				mtuxo!rkl
> 				201-576-3610

Before everybody runs out to spend their extra 13% think about it.
The Feds are not that stupid (????) Nobody is going to give anybody
13% of anything on the first day. You will get the good old 13% BUT
the way it was explained to me was that it is prorated over 365 days.
EXAMPLE: Your refund is $700. then 700*.13= 91. 91/365= .247 cents.

Makes you want to sit by the mailmox dosen't it?