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pastor1189
Feb 14, 2019, 08:22 AM
IRS mistakenly (Hypothetical) gave a man one million
Refund. He notified the IRS promptly. It took some time.
To correct it. Question is does he get to keep the bank interest
While he was awaiting instructions

AtlantaTaxExpert
Feb 14, 2019, 09:18 AM
For much smaller amounts, the IRS will not mind you keeping the interest.

For a $1 million, they may ask for it.

pastor1189
Feb 14, 2019, 11:33 AM
Thank you. I just wondered

AtlantaTaxExpert
Feb 14, 2019, 12:45 PM
Glad to help!

ebaines
Feb 17, 2019, 06:02 AM
I wonder if you’re thinking about the case of the man in FL who filed a tax return claiming $17,000 in wages and $1 million in tax withholding, netting him a (fraudulent) refund check of $980,000?

https://www.nytimes.com/2019/02/16/us/tax-refund-check.html

pastor1189
Feb 17, 2019, 07:55 AM
Similar but different in total