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What is the interest note on the bottom of the Federal tax refund check?

April 26, 2017federal tax note refund

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What is the interest note on the bottom of the Federal tax refund check?

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For example, if you had to pay estimated payments every quarter, but didn’t – the fact that you may have paid even more than you had to at a later time and have a refund coming, doesn’t mean you don’t owe interest on the payments you failed to make timely.