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From: stj@calmasd.UUCP (Shirley Joe)
Newsgroups: net.taxes
Subject: Re: Waiting for my return
Message-ID: <391@calmasd.UUCP>
Date: Mon, 13-May-85 12:44:41 EDT
Article-I.D.: calmasd.391
Posted: Mon May 13 12:44:41 1985
Date-Received: Thu, 16-May-85 07:16:39 EDT
References: <678@mtuxo.UUCP> <3704@alice.UUCP>
Reply-To: stj@calmasd.UUCP (Shirley Joe)
Organization: Calma Company, San Diego, CA
Lines: 13
Keywords: interest, April 15

>> 	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%.
>
>Just curious:  does the clock start running on June 1 or April 15?
>Also, is the interest taxable?  (probably)

The IRS pays interest from April 15 if they haven't processed your return by
May 31.  Yes.  The interest is taxable.  They will send you a 1099G next
year before you have to file your 1985 return.

-- 

Spike
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