The federal government will launch a new online portal next week allowing businesses to seek refunds for tariffs ruled illegal by the U.S. Supreme Court, potentially opening the door to as much as $175 billion in repayments — though companies may face a complicated and lengthy process to recover their …
Read More »IRS Will Pay 5 Percent Interest On Delayed Refunds Starting July 1
The Internal Revenue Service (IRS) said Friday it would pay 5 percent interest to people with delayed tax returns starting in July, up a full percentage point from the last interest rate increase in April. The agency will also pay 4 percent interest on delayed corporate tax returns, 5 percent …
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