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Ok,
I filed my taxes on time and was due to receive a $1000 refund. However, the IRS sends me a refund check for $14K(!). I tried to call several 800 numbers and finally a CSR woman told me to deposit it (put it aside in savings), and dont' spend it. The IRS usually discovers its error and sends me a statement. Now, they want $12,900 back.
Let me say, that I have no problem returning the $13K. But I do have a problem paying an additional $100 in interest charges and a "late payment" fee. I didn't file late even though this statement letter says I did. the letter says i took some "erroneous credits". I did not. They applied those credits or may have misentered a digit. That shouldn't be my fault.
I want to complain over the $100, but at the same time, i don't want to get called in for an audit. Or, perhaps my next year return will attract extra scrutiny if I am a squeaky wheel. What do you think?
Make a appointment with local IRS agent. But it loks like you got 13000 back too much by your estimate and that is what they want. Otherwise make a appointment to acutaul see if your due that extra $100.
Let's revisit that math. They gave you $14,000. They were supposed to give you $1000. Now they are asking for $12,900 back. That means if you return the $12,900, YOU STILL HAVE GOTTEN TO KEEP $1100, ONE HUNDRED DOLLARS OVER WHAT WERE SUPPOSED TO GET.
So according to those numbers, they aren't charging you $100 interest, they are GIVING you $100 on top of what you should be getting, correct?
Let's revisit that math. They gave you $14,000. They were supposed to give you $1000. Now they are asking for $12,900 back. That means if you return the $12,900, YOU STILL HAVE GOTTEN TO KEEP $1100, ONE HUNDRED DOLLARS OVER WHAT WERE SUPPOSED TO GET.
So according to those numbers, they aren't charging you $100 interest, they are GIVING you $100 on top of what you should be getting, correct?
ROTFL!
Was wondering how long it was going to take to get to that.
Appears Ameruka 'bouts habs the gubermint that fits US.
Let's revisit that math. They gave you $14,000. They were supposed to give you $1000. Now they are asking for $12,900 back. That means if you return the $12,900, YOU STILL HAVE GOTTEN TO KEEP $1100, ONE HUNDRED DOLLARS OVER WHAT WERE SUPPOSED TO GET.
So according to those numbers, they aren't charging you $100 interest, they are GIVING you $100 on top of what you should be getting, correct?
Sorry about that. I was rounding off the #s to make the math easier. I got confused myself. They gave me a refund of 14K. I was expecting 1k refund. IRS wants $13,100.
My actual refund expected was something like $893. Minus the fees and penalties when they subtract the 14K from the 13 it comes out to exactly $893(!). Thus, they agree with my 1040 submitted.
Yunno, they kept burning Lead in the fuel up to a couple of years ago.
So all folks sitting there watching the cars go 'roundy and 'roundy, were not only going deeef, but probably a gittin a little bit o brain damagery from the Lead fumes, as well.
Not saying anything, but I tend to thinks that might asplain some things.
Sorry about that. I was rounding off the #s to make the math easier. I got confused myself. They gave me a refund of 14K. I was expecting 1k refund. IRS wants $13,100.
My actual refund expected was something like $893. Minus the fees and penalties when they subtract the 14K from the 13 it comes out to exactly $893(!). Thus, they agree with my 1040 submitted.
So the delta is $7?
From what I am seeing in the news, the Feds are on hard times. Try to be generous with them.
Seriously, I never argue with them about a dime, let alone a dollar.
Their money, their taxes, their game.
If we disagree, I can always stick it to them, next go-round.
IMO - it's worth contacting them and requesting an abatement of the penalty. Not sure what interest rate they may be charging you, but usually the interest will be due regardless of the reason for the underpayment. The rationale for this is that from the time you received the check until you mailed the money back, you had use of the funds and they did not. But the penalty is a different issue, and if you bring it to someone's attention then there's a good chance they will eliminate it.
Remember, the probability is that no actual person has looked at your account to see the sequence of events. Most of the processing is done automatically, and even when an error is made and corrected the system is set up to simply bill the taxpayer as usual regardless of who made the error. But if you ask someone to look at it for fairness' sake, you may get some relief.
BTW - I used to work for a state taxing authority, and we would often abate both interest and penalty for a current year return when it was clear that the error was our fault, and the taxpayer paid the money back as soon as he or she was contacted. And if it was a return for a prior year, we would usually at least reduce the interest as well as abate the penalty as long as it was a taxpayer who had a good filing and paying history.
The IRS is not the bogeyman. No harm in asking, and it will not increase the chance of a future audit.
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. They gave me a refund of 14K. I was expecting 1k refund. IRS wants $13,100. 
