William Brenner wrote:

- quote -

Because you don't start "earning" interest until after you
file, and then, only after about 45 days or so.

ChEAr$,
Harlan Lunsford, EA n LA

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John H Fisher wrote, in part:
Interest Rates on Tax Underpayments and Overpayments
Unchanged for Quarter Beginning October 1, 2006 (IR-2006-143;
Rev. Rul. 2006-49)
http://tax.cchgroup.com/news/headlin...nws91206.htm#1

The following is from irs.gov:

IR-2006-143, Sept. 11, 2006

WASHINGTON: The Internal Revenue Service today announced
there will be no change in the interest rates for the
calendar quarter beginning October 1, 2006. The interest
rates are as follows:

eight (8) percent for overpayments [seven (7) percent in the
case of a corporation]; eight (8) percent for underpayments;
ten (10) percent for large corporate underpayments; and five
and one-half (5.5) percent for the portion of a corporate
overpayment exceeding $10,000.

Query: With rates like these, what is to prevent individuals
-- or even corporations -- from intentionally making large
overpayments? Or am I missing something?

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >