My first Christmas card of the season! CRAP!
 

Look what came in the mail for me and the Mrs. Just in time for Christmas celebrating! :thepain::mad::yeldead::sniff:

This is America! You're guilty, and charged $61 interest, until proven innocent.:rolleyes:

btw, I think I know L Fulmer... killer body.

Sweet baby jebus they charge you interest?

Yikes.

Did you have a tax preparer?

I'm sorry this happened. :(

It happened to me once and I've kept every tax form ever since.

Awww man.....dampens the holiday spirit a bit, doesn't it?

I have had a few of those over the years. Usually it is a problem between what the employer or who ever issued you a Misc-1099 reported you made and what you reported you made. See your accountant.

Actually I already faxed a copy to our accountant (best money we ever spent!) and she said the amount in dispute was claimed so she is writing them a letter about it. I do fine it interesting that the letter is dated the 7th and they give you a flat 30 days to settle up or face the consequences.

There was a time when this kind of thing would have really upset me but now I just figure, "what have I got that you want so bad, well you can just have it because in the end it's just stuff...";)

By the way, the Philadelphia office of the IRS is one of the main ones for sending out these kind of notices. I live in Texas and there is a huge facility for the IRS in Austin but this went to Philadelphia. When my mom and dad were still alive(and filing in Atlanta) and I was overseeing their finances they got the same kind of bullshit letter from the same office saying that they owed like, $60,000 because somewhere at the IRS they lost half of the return. In the end we owed them something like $26.00 due to improperly figuring some profit on a stock sale. Same accountant handled that one! :)

Their attitude is, we may be reviled, and we may be challenged, but we will not be ignored. :headshake

:thumb:

What will happen to all those IRS jobs if we get a flat tax? I know, bail out, stimulus, cap and trade money!

What ever would happen it would be far better than what we have now.

When I was handling my late parent's affairs I was amazed at the size and scope of their tax return. My wife and I took over for them when my dad was about 90 and going blind and my mother was around 84 and in the final stages of Alzheimer's. Neither could handle their finances because of their ages and health issues. Their financial adviser had moved most of their investments to bonds and some limited partnerships and yet their tax return averaged between 32-46 pages in length. This for 2 old people who mostly lived off of their social security money and pension funds that had been converted to IRAs many years ago. I saw IRS schedules and forms that I have never seen before or had need of. Just crazy. :eek:

Best thing we ever did was to form our parents revokable trusts before they died. No probate, no hassel. Upon death all assets just moved over. It took some work while they were alive getting things straight with the lawyers but man did it pay off in the end. We will do that before we get to the point we can't handle it.

I found it easier to just take away Mom's property/money, then dump her in a nursing home at taxpayer's expense.

Spoken like a man who has several bitchin' cameras, instead of just one. :D

You'll change your tune when they come for your drill press. :lol:

The saga continues.:mad2::mad::meanface:

After the IRS contacted me I got another letter about 2 weeks later asking for me to submit some financial work sheets as to how we computed the amount we owed on our return. So my accountant sent it to them via certified mail. Nothing was heard back until early May of this year when they sent me via certified mail what is known as the dreaded 90 Day Letter which basically said they had determined that I did owe the tax and I had 90 days to contest it in the US Tax Court of which there are branches in most major cities. No explanation of how they came to their conclusion or why they disallowed my calculations on my 2008 tax return; just a Send us the Money or else letter and the fact that it is the only thing they have sent me by certified mail made me a tad uneasy.

So, once again my accountant told me not to worry and sent them another certified letter with copies of the return and our worksheets and a request for them to read over everything and get back to us. She even got back the RRR post card from the Post Office with the signature of receipt and dated 5/17/2010.

Today (6/24/10), about 5 weeks from the receipt of my last letter I get a new letter from the IRS saying "Thank you for your correspondence and we will look over everything and get back to you within 60 days." How f--king hard can it be for someone there to actually pull up my return, look at the forms we submitted and the backup we sent in explaining how we came to the conclusion of what taxes were owed and actually make a decision? The letter also says that if I am not completely sure I don't owe the taxes then I should submit them now or interest will continue to be added. Like, they think I am going to send it in and then try to get it back later and with no interest paid to me for letting them bank my money.

NUTS!:meanface:

Maybe a commission will be appointed. Then they can sit and discuss their options while your interest accrues.

Srsly, I've been there with them - IT SUCKS!

If you owe the IRS, how about payment with a large block of the "forever stamps" and make your payment effective on 1/2/2011.

That's what some investors are planning

I don't get how forever stamps can be a serious investment. They are not legal tender. So you buy a million forever stamps for $440,000 on December 30th. (Let's ignore for a moment exactly how your are going to buy them, and assume it's possible to buy a million stamps at once.) Then on January 2, those stamps are worth $460,000. You just made $20k, right? Wrong. You need to sell those stamps to get your money out. Who are you going to sell a million stamps to? And why would they buy them from you, instead of the Post Office? Everyone who needs stamps will have bought a roll or two of forever stamps just before the price went up. They won't need new stamps for at least a year or so. So you're going to sit on a million stamps for a year, and then open a store to sell them? How long will that take? You'll do all that for a measly $20k? What are you, nuts?

Sure, stock up on a roll or two for your personal use. But stop there.

Yeah, I slyly gave my opinion of the forever stamp here. It was more of a matter of trying to kick start the post office, if'n you ask me. :p:

Glatt, I think the writer was being facetious and drawing an analogy to how wacky and dangerous banks have become.

Willard: They told me that you had gone totally insane, and that your methods were unsound.
Kurtz: Are my methods unsound?
Willard: I don't see any method at all, sir.

In the Old Country (i.e. when i was a kid in England) The Post Office was government owned and operated, so stampos could be used as legal tender. Often mail-in things would request sending small payments in stamps or a money order rather than cash. Kid obviously didn't have checkbooks. I think companies could cash them in at the post office.

I just noticed it was an editorial. I was reading it like a news article, and couldn't believe how dumb they were being.

Same here, Monster.