Discussion:IRS Interest Threshold
From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
(Difference between revisions)
Revision as of 14:00, 4 August 2009
Discussion Forum Index --> Basic Tax Questions --> IRS Interest Threshold
Discussion Forum Index --> Tax Questions --> IRS Interest Threshold
| 4 August 2009 | |
| I'm finishing a 1040 now where the taxpayer owes a few hundred dollars. The interest calulated on this amount due is less than $10. I'm wondering if anyone has noticed whether or not the IRS sends out interest due notices for amounts under $10. It seems to me there is a point where it is not economically feasible to be collecting amounts under for example $10? Does anyone know if there is such a threshold? | |
