If he doesn’t touch it, does he get to keep the interest he gets before the IRS takes it back?
“...If he doesn’t touch it, does he get to keep the interest he gets before the IRS takes it back?...”
I mean move it to savings...
Mistakes happen. On the other side of the ledger, one fine day the folks at 101 Main Street South, Georgetown, got their fuel oil delivery. Problem was, the client was located at 101 Main Street South, Brampton. They were a client once, but converted to natural gas. And they had a fuel oil swimming pool in their basement. (true fact, happened fifty years ago)
Nah - they’ll charge him interest on the interest and add a hefty fine for not protecting his account from their mistakes...