bank account

Having just filed his 2016 taxes, a Zero Hedge reader submits the following bizarre story.

On January 20, the reader filed his Federal tax return using Tim Geithner's favorite TurboTax software, which the IRS formally accepted three days later, on January 24. One week later, on January 31, the IRS made an automatic deposit into the reader's bank account, who then used the refund to pay down his credit card debt the very next day.

Preface: Washington's Blog reached out to Dr. Haering after reading several excellent articles on India's cash ban.  Dr. Haering then combined the information into a single article for us. We lightly edited the article for spelling and grammar.