Replies

My kid, married last December, then filled out his taxes last year using Turbo Tax. Evidently they forgot to add in a $1400 savings bond his wife had cashed that year. Neither one of them made huge salaries, he was just out of college, she was finishing college half that year.

So a week or two ago he gets a bill from the IRS for $700 saying he underreported income, and these are the penalties/late fees and taxes accrued. There are big time non-payers and they go after a 22 year old and his 20 year old wife for 50% of what they underreported. He went to the IRS office and they can’t even figure out why it was so high. So at least they’re helping him refile, hoping the problem will be remedied. At least he had the sense to contest it.

Congresscritters and politicians owe thousands with no consequences, and they’re presenting a kid who made an honest mistake with a deadline (just 3 weeks after he received the notice) or the possibility of more penalties, etc.

Sad.

A few months ago we got a notice from the IRS that we owed a bit over $1,500.00 for a "forgiven debt". We were scratching our heads because we had never had a credit card with that bank and we had very little debt. Very little income too but that is another thing.

After at least 8 hours on the phone over a period of a week we found out it came from a identity theft that was uncovered nine years ago. The company finally had written the debt off as "noncollectable" and, of course, assigned it to hubby's SS number but sent the notification to the address the thief had given.

So the debt was not ours, (provable) and notification was not sent to our home, (provable) but the IRS still insisted that we owed the money plus penalties, late fees and such. (Jerks)

We finally sic'd the CC company on them. After all they could be in hot water because they had failed to send notification of debt forgiveness to the proper on file address something that we would be bringing up if this went to court.

A few weeks after that we got a very stiff little note saying that the incident had been investigated and no, we did not owe the money but we should be more careful with our filings in the future. Whatever bub!

My girlfriend’s daughter has a boyfriend who ALWAYS should have had money coming back to him (to the tune of $550 to $900)each year he worked. The damn dummy figured since had money coming back, he just wouldn’t file his taxes and there would be no repucussions. Three years ago I did his taxes and he got notification he owes over $67,000 in fines, penalties, ya da, ya da.