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Updated almost 6 years ago,

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Michael Plaks
Pro Member
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
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URGENT: brand new IRS pilot form 4119!

Michael Plaks
Pro Member
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Posted

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:

  1. 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.
  2. You will be eligible for a 5% interest on this one year. Not a lot, I know, but better than nothing.
  3. 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.

  • Michael Plaks
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