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Updated almost 6 years ago,
Michael PlaksPoster
#1 Tax, SDIRAs & Cost Segregation Contributor
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- Tax Accountant / Enrolled Agent
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URGENT: brand new IRS pilot form 4119!
Folks, this is EXTREMELY urgent and not yet picked up by mainstream news sources:
The IRS announced today (4/1/2019) a brand new pilot program to pay interest on qualified income tax refunds. The goal is apparently to encourage taxpayers to over-withhold taxes from their paychecks. Agree or not - but it can help you if you act TODAY!
Here're some basic details:
- If you have received an IRS refund during any of the last 5 years, including this year - you can pick up ONE of these years for the new program. Sorry, only one year per taxpayer or family. I recommend you pick the highest refund year.
- You will be eligible for a 5% interest on this one year. Not a lot, I know, but better than nothing.
- To claim this interest, call the IRS (their 800 number is on the website www.irs.gov) and request Form 4119. They can help you complete it over the phone. Warning: since it's brand new, not every IRS employee is aware of it yet. Be persistent, request a manager if needed.
Unfortunately, the IRS funds are limited, and this pilot program can be stopped as early as tomorrow. So don't wait - call TODAY!
I already did.