TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Wednesday, October 2, 2013

Tax Court Closes During Government Shutdown

Tax Court Logo 2The Tax Court has announced that it is closed pending resolution of the government shutdown.

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While IRS delays refunds, it still is paying 3% annual interest on them, and many more will earn interest because the 45-day deadline will not be met. Compare that yield to the 0.09% (less than a tenth of 1%) being paid on 1-year Treasury bills. Once the debt limit is raised, IRS refunds are one of the best investments around.

Posted by: Bob | Oct 2, 2013 9:19:25 AM