How to Reduce Interest Paid to IRS while You are Preparing Your Case

Taxpayers occasionally make deposits to suspend the running of interest on potential underpayments of tax (Code Sec. 6603; Rev. Proc. 2005-18). The procedures for designating a remittance as a deposit, rather than a tax payment, are contained in Rev. Proc. 2005-18. Under Section 4 of that procedure, a taxpayer may make […]