Interest must be paid on any payment made after the original due date calculated from the original due date to the date of payment
. The first and second quarterly returns must be filed on separate quarterly return forms, NYC-CRQ, for each quarter.
From June 30, 1999, to July 31, 1999, the date of payment
on the 1989 tax year, deficiency interest will be computed at the applicable deficiency interest rate.
Under this doctrine, the date of payment
on a gift check relates back to the date the check is delivered to the donee, and the gift is considered completed on delivery of the check, despite state law to the contrary.
6511 (which governs the recovery of underpayment interest).While T had filed a claim for refund of the Year 1 deficiency interest that was erroneously paid in Year 4 on December 6 of Year 10, the Service concluded that to be timely, a claim must have been filed by the later of March 15 of Year 5 or two years from the date of payment
He or she must have a condition or illness reasonably expected to result in death within 12 months from the date of payment
The taxpayer's hardship would be ameliorated if (i) interest on tax overpayments accrued from the date of payment
in all cases, (ii) transferability and offsetting of payments were permitted without restriction, and (iii) prepayments of tax were permitted whenever the taxpayer concludes he making of such payments is prudent.
The Company has intimated to KSE that the directors have subscribed to right issue 18 days in advance of the last date of payment
, thus fulfilling the KSE requirement.
The IRS assessed interest of $4,690,761, which it calculated from May 15, 1984 through the date of payment
. May paid the tax and interest assessed, but filed Form 843, Claim for Refund and Request for Abatement, claiming a refund for the interest assessed for the period May 15, 1984 to Oct.
Even though the taxpayer believes the assessment is wrong, it immediately pays the entire amount, plus accrued interest of, say $500,000 from March 15, 1989, to the date of payment
, to avoid additional interest charges.
ISLAMABAD -- The Federal board of Revenue (FBR) has extended the date of payment
of sales Tax (ST) and Federal Excise Duty (FED) up to Oct 23.
In addition, C will be assessed deficiency interest on the $262,892 from 3/15/94 to the date of payment
for both the $950,000 plus the appropriate deficiency interest.