IRS Interest Rates Unchanged for 4th Quarter

The IRS may adjust interest rates for various purposes at various times. For example, the rates for overpayments and underpayments of income tax are adjusted quarterly. Interest rates for Q4 in 2018. The interest rates on overpayments and underpayments are unchanged for the fourth quarter of 2018, which runs from through October 1, 2018 through…

Damages for Emotion Distress from the IRS

Anyone who’s dealt with the IRS knows it can be a hassle. For some, however, it can be downright problematic. One couple claimed that the IRS’s continued collection activities following their filing for bankruptcy caused them serious emotional distress and they sued to recover damages. The question before an appellate court was whether the IRS,…