I look at this way: No the IRS won't pay you interest, but if you don't

make estimated tax payments, they sure will charge you interest for not sending it in. So if you're not going to make estimated tax payments, you'd better have it earning 4% or more to offset the underpayment penalty.

In response to this post by Pylons

Posted: 10/16/2017 at 5:10PM

CPAs.Owed a refund. apply to the following year does the IRS like? -- VaAkita 10/16/2017 3:28PM

If you have to make ES payments yes -- bigbadbird 10/16/2017 6:06PM

Most of my estimate-paying clients will apply their overpayments... -- Hokie CPA 10/16/2017 3:50PM

I do....not going to get too worried about a few months interest ** -- Pylons 10/16/2017 5:05PM

I look at this way: No the IRS won't pay you interest, but if you don't -- Hokie CPA 10/16/2017 5:10PM

Plus I don't want to give them a reason to be looking -- RTFC 10/16/2017 6:04PM

Yes they certainly will...I've paid :-( ** -- Pylons 10/16/2017 5:12PM

You are correct sir and the IRS will love taking your money anytime! ** -- grill to chill 10/16/2017 3:47PM

I look at this way: No the IRS won't pay you interest, but if you don't

Insert a Link

Tech Sideline is Presented By:

Our Sponsors