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Pepperdine University School of Law

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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.

http://taxprof.typepad.com/taxprof_blog/2013/10/tax-court.html

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Comments

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 12:19:25 PM