Anyone know the current interest rate for The Bank of the IRS? Is it better than the paltry interest you can get from most brick and mortar banks, the Internet banks or short-term government paper?
Originally Posted by
redtop43
I wouldn't recommend this, but if you overpay for the current year you will eventually get a refund. I accidentally sent a payment in May 2017, intending it to be for tax year 2016, but IRS thought it was for 2016. In November they refunded the money to me (with interest!).