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Do IRS refund checks include refunds of penalties and refund of interest paid when there is a sizable tax refund.

bobmyron
Level 1

Tax refund plus interest on refund I assume is included in check.

Refund of penalties for late filing, late payment, accuracy, and no prepayment are included in check now or payment later?

What about refund of interest paid? 

What about interest to be paid on these penalties and interest refunds?

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sjrcpa
Level 15

If there is interest it is shown in small print on te front of the check.

Why do you think penalty payments will be refunded?

If the refund is due to an amended return, the "We have accepted your changes" letter will spell out what is being reduced/refunded,


ex-AllStar

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sjrcpa
Level 15

If there is interest it is shown in small print on te front of the check.

Why do you think penalty payments will be refunded?

If the refund is due to an amended return, the "We have accepted your changes" letter will spell out what is being reduced/refunded,


ex-AllStar

View solution in original post

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