So for example, if you were a contractor who paid your taxes on April 15 (rather than making quarterly payments).
> Overpayment interest for the 2020–2023 disaster period.
and refers to the interest that the IRS will pay you if they owe you money (a refund) that they don't manage to return to you in a timely manner.
(All of this is explained on the main IRS website: https://www.irs.gov/payments/interest)
From the IRS?
I can't tell if this is trying to seem fake.
Looks as legit as the email I got from the official office of The Prince of Nigeria.
Part of the governments job should be to make sure those with expensive advisors do not end up much better off than those who do their own taxes with little knowledge of tax law.
The purpose of taxes is not to tax the dumb extra.
Yet another insurmountable bug in capitalism - those with the capital make the rules, and usually the new rules allow them to accumulate further capital. Rinse and repeat.
Please just give us the prompt.
I'm a little surprised that many people are late with their tax filings.
Lots of people who are self-employed or who make a high W-2 income and receive irregular payments/gains (bonuses, RSU vests, capital gains) fall into this category.
Late filings are almost trivial to avoid; late payments are significantly harder to entirely avoid as, depending on your tax situation, many of the payments are due 12, 9, 6, or 3 months earlier than April 15.
I couldn't tell you what or how much it was for now though.
