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My takeaway from this is you can use the IRS as a CD that pays 7% per year! Reading through the blog post it seems like you could overpay your taxes by $10k, i
by yojo 1y ago
My takeaway from this is you can use the IRS as a CD that pays 7% per year!
Reading through the blog post it seems like you could overpay your taxes by $10k, immediately amend your return, and get your money back with 7% interest a year later!
I’m not actually advocating for this - I’m pretty sure it’d count as some form of tax fraud. But crazy that the IRS might offer the best safe(ish) interest rate.
- xnx 1y agoThis is astounding to me. That is a fantastic return if guaranteed.