- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Just got IRS letter - update
Posted on 4/29/24 at 4:52 pm to SlowFlowPro
Posted on 4/29/24 at 4:52 pm to SlowFlowPro
quote:
Oh OK.
I don’t know if I’ve ever seen a W-2 family taking the standard deduction getting a 90 day review. It must be so rare that I don’t even know if the Service pays interest on the 90 days of withheld refund. I’ve done about 5 minutes of research and cant find anything. They will charge you if you underreported, but in my shirt 5 minute search can’t find the opposite answer.
I paid them this year. But if I was owed I would look it up further. If it’s a no, this is their new strategy. Keep 3 months of refunds to save the interest.
I loathe the IRS, but this seems really strange. Usually they pay interest just like we do. Just didn’t find anything on point. It’s a strange situation.
3
Posted on 4/29/24 at 4:54 pm to BBONDS25
Mike Johnson probably wants the money to send to Ukraine.
Posted on 4/29/24 at 4:54 pm to BBONDS25
Just reading between the lines and listening to all the bitching I think there were issues with the IRS this year with returns. I've heard a lot of random people bitching about this (IRL and on social media). It's not a defense of the IRS, but this is a different universe than a potential audit.
I don't even know how you could audit a W2/standard deduction scenario other than verifying inputs on the W2 were done correctly and the software calculated the deduction correctly
I don't even know how you could audit a W2/standard deduction scenario other than verifying inputs on the W2 were done correctly and the software calculated the deduction correctly
Posted on 4/29/24 at 9:22 pm to BBONDS25
quote:
I don’t know if I’ve ever seen a W-2 family taking the standard deduction getting a 90 day review.
Same here.
quote:
It must be so rare that I don’t even know if the Service pays interest on the 90 days of withheld refund
They will. They have 21 days I believe before that click starts ticking. And they will 1099 you.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News