• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Damn you IRS

Status
Not open for further replies.
A

apac

Diamond Member
Filed an extension on my 2009 taxes last year, and finally got around to filing them a few months ago. I don't owe any money so there should be no problems.

Just got a notice from the IRS in the mail, they completely ignored my First Time Home Buyers and Schedule M credits ($8400). I followed the filing instructions to the T so I'm 99% certain I didn't screw it up. Because they didn't count those credits they think I owe money, and are trying to charge me $250 in late filing fees. Currently on hold waiting to talk to someone about it ...

On a related note, I'm pretty sure the IRS hold music is designed to make you want to stab someone.
 
Next time your elected officials from Washington have a town hall meeting, go and ask them to abolish the IRS.

There is no reason for the IRS to exist, except to harass people.
 
Borrowed $$ from the rents when I opened the business and pay interest. Pop insisted on a 1099-int. I was a little sloppy with the form and the last digit of his SSN carried over to the income block. $70K of additional income, according to the IRS.😀

He was not amused.
 
gorcorps said:
Question: why did you need to file late?
Click to expand...

Had to get an extension because I closed on my house end of April, after the tax deadline. I missed the extension date because life got extremely stressed/busy during the fall, and because I didn't owe any money it wasn't terribly important.
 
It really is quite a system we put up with. They hold a significant chunk of our money throughout the year with no interest paid and then if you file 1 day late they penalize you even though in most cases they have the money plus extra. Hard to believe that prior to the middle of WWII they didn't even withhold, it was your responsibility to come up with the money when it came time to pay taxes.
 
apac said:
Had to get an extension because I closed on my house end of April, after the tax deadline. I missed the extension date because life got extremely stressed/busy during the fall, and because I didn't owe any money it wasn't terribly important.
Click to expand...

Did you file before Oct 15?
 
Bleh. Well I missed a number in one box which made everything go to hell. Have to file a 1040X form and wait another 12 weeks 🙁.

Too bad they can't just correct it for me, but no dice.
 
apac said:
Had to get an extension because I closed on my house end of April, after the tax deadline. I missed the extension date because life got extremely stressed/busy during the fall, and because I didn't owe any money it wasn't terribly important.
Click to expand...

If you believed money was owed to you, there was no reason to file for an extension.
 
CPA said:
If you believed money was owed to you, there was no reason to file for an extension.
Click to expand...

I expected to buy a home in 2010 (prior to the June 30th deadline), but it was not a 100% guarantee. If I hadn't filed an extension and had not bought a home then I would have owed money.
 
apac said:
I expected to buy a home in 2010 (prior to the June 30th deadline), but it was not a 100% guarantee. If I hadn't filed an extension and had not bought a home then I would have owed money.
Click to expand...

It seems you owe money anyway. :hmm:
 
Tax laws are way too complicated and rarely accomplish their intended purpose (to encourage people/companies to do or not do something).

I am not sue how to fix it, but it sure needs fixing.

MotionMan
 
apac said:
Bleh. Well I missed a number in one box which made everything go to hell. Have to file a 1040X form and wait another 12 weeks 🙁.

Too bad they can't just correct it for me, but no dice.
Click to expand...

It sounds like your first mistake was being crazy enough to do your taxes manually. TaxAct is well worth the $20.
 
apac said:
Filed an extension on my 2009 taxes last year, and finally got around to filing them a few months ago. I don't owe any money so there should be no problems.

Just got a notice from the IRS in the mail, they completely ignored my First Time Home Buyers and Schedule M credits ($8400). I followed the filing instructions to the T so I'm 99% certain I didn't screw it up. Because they didn't count those credits they think I owe money, and are trying to charge me $250 in late filing fees. Currently on hold waiting to talk to someone about it ...

On a related note, I'm pretty sure the IRS hold music is designed to make you want to stab someone.
Click to expand...
Good luck.

But likely they will win.... they always win. :\
 
Status
Not open for further replies.

TRENDING THREADS

Back
Top