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IRS accepted my return 45 days ago and owes me $21,000 but has not paid - do they owe me interest?
I have read posts that the IRS owes interest 45 days after your return is accepted. Here are my questions:
1) With this year delay - does the 45 days start from date accepted or the NEW July 15th deadline?
2) I have seen 4/5% interest - I am good with either of those numbers as it is a better yield than my savings but which is it?
Apparently - I am in the 10% where they are manually checking my return. My refund status went from the bar chart to "A refund date will be provided when available" . Looking at my transcripts it does not look like anyone has reviewed my return yet. Assume they are just swamped.
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May 21, 2020
5:32 AM