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In some cases, the Feds are required to pay interest on refunds, depending on a number of factors like when you filed or paid, and it may be that. It can also be that you owed interest on some portion of tax that was underpaid or not paid on time, although you may have a net refund coming. For example, if you had to pay estimated payments every quarter, but didn't - the fact that you may have paid even more than you had to at a later time and have a refund coming, doesn't mean you don't owe interest on the payments you failed to make timely.

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Q: What is the interest note on the bottom of the Federal tax refund check?
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Related questions

Can my federal tax refund check go in my friend's name?

No, the refund check must go in the taxpayer or payers names if filing jointly.


What do you do if you received a duplicate federal refund?

You should contact your local IRS about this matter take the duplicate refund check with you.


How do you check the status of your refund?

Check the status of your federal refund here: http://www.irs.gov/individuals/article/0,,id=96596,00.html?portlet=4 Check the status of your state refund by contacting your state tax agency.


How do you check on your federal income tax refund?

Go to the IRS web site and on the site is a link to the page to check on the refund. You will need your social security number, the exact amount of refund, and filing status.


What is the last date the IRS has to refund check?

The IRS can take as long as it needs to in order to properly verify that you are owed a refund. If they don't send your refund within 45 days after April 15 or 45 after they receive your return (whichever is later), they will pay interest. (The interest is taxable.)


How do you press charges for someone signing your name to a federal tax refund check?

Call the police. It is fraud.


If you did 2002 state taxes in 2009 can you still receive 2002's refund?

Not a federal refund (except for parts of the refund due to worthless securities or bad debt). And not most states. But check your specific state.


Do you have to report your income tax check?

The refund check, as income - No - for federal (it was taxed when overpaid - tax being paid with already taxed money), but a State one, yes. It was deducted from federal income.


Can a credit card company take your federal tax refund?

the truth is Yes they can because if you own more than you get thell take your tax refund check P.S. no offence


How long is a tax refund check good?

if it is a federal tax refund check, there is an expiration date on the check. From state, it varies. for example NC, the tax refund check is good for 6 months only. if you want to make sure the expiration date on the check, you need to contact state financial office. Best way to provent this happen to you, use direct deposit method on your tax return form.


Is the economic stimulus check taxable?

No, the rebate check is an advance payment of a 2008 tax credit. The money is actually a portion of the refund or payment applied to the taxes you will file in 2009. Therefore as it is a refund check it is not taxable income.


Can a village charge you a sewer fee if you were not hooked up to the sewer?

No and if they did your entitled to a 2% per month compounded interest refund check