Just yesterday I received a notice in the mail from the wonderful NC IRS telling me they found an error on my 2003 taxes. Personally I think they're pretty hell pressed to go that deep... Well, they were so diligent in dredging up some mistake made 3 years ago and equally diligent in assessing a prorated penalty. I guess our lovely State is trying to make more money..... Question is, is it fair that our POS IRS assess a penalty on us when we can't assess a penalty on them?
But you made a mistake. Can you tell us more? Did it come out in your favor? This would help me to decide.
Come one, read the post before posting a reply: Well, they were so diligent in dredging up some mistake made 3 years ago and equally diligent in assessing a prorated penalty.
I did read the post, thanks. He deserved it. There that is my opinion. What did he exactly do to get penalized? I don't think it says anything in his post about that kaci. If he made a mistake and got more money for it, then I agree with the IRS. It's just that simple.
You don't get penalized for overpaying your taxes, just for underpaying. Kind of like late charges on your credit cards -- if you don't pay on time, it costs you extra. Whether it's intentional or just a mistake.
What's bad is when you get a letter like I did several years ago from the NC IRS. It read someting like this: according to our records we do not show you paying taxes for the year of XXXX, but the IRS has notified us that you earned XXXXXX dollars, and that your tax for that period would be XXXX. So I climbed into my attic went dredging through all my paperwork from when I moved several years prior, and couldn't find my tax return, (usually do either telefile or online filing) I was able to find my last pay stub for the tax year in question. Called up the NC IRS, explained to them that I had moved the year before and couldn't find my return, but that I did have my last pay stub that showed I earned XXXXX for the year and payed XXXX into state taxes. Their comment was oh...let me check on that for you. Lady came back a few minutes later and said that oh yes I see now where WOULD HAVE gotten a refund if you had filed your taxes (which I had) but that since they had no record of me paying taxes to start with, and the fact that I couldn't find my tax return information that I would not be issued the refund that I was due, nor would I be given any of the interest that the money would have earned. Gotta love our Government. NC is the only state that I know of that requries you to add money back to your earnings after you have figured out your federal taxes. Craig
my parents got a refund from a mistake from somewhere between 92 and 98 this year, so i guess as long as they're fair about it? they're not trying to screw you, they're just trying to get their dues.
Actually, there was some discussion of just this some years ago where they disliked having people use the deduction as a savings program, which cost them time and effort to repay the overage and possibly set up getting back more then they were due.
You know, it seems to me I got a warning a couple years ago when I did my taxes that the refund was too much (I had too much withheld). The warning mentioned penalties if I didn't get my W-4 (or NC-4) straight. I do remember this, but I can't find anything on a search.
are you a complete idiot? If he got ANY money it's money he worked for. How the he11 does the IRS deserve ANY of it?
What freaking planet are you people from? You're screwed every payday when you don't take home what you earn.
Actually, unless they can prove fraud, the statute of limitation is 3 years from the due date of the return, or 2 years from the date it is filed, whichever is later. So technically, I guess if you don't file a tax return the limitation never runs out. That does apply to refunds too -- if you neglect to file a tax return within 3 years of the due date, you won't get a refund even if you have overpaid. :cry:
Whatever.........If he got back money that DIDN'T BELONG TO HIM, can't you read? ok let me explain. In my post it says^^^ If he made a mistake and got more money for it. That would mean he received money that WASN'T HIS. Duhhhhhhh. GUESS YOU ALL ARE THE IDIOTS.
