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Tax time (startrek.website)
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[-] Aviandelight@mander.xyz 48 points 1 year ago

I wish more people were aware of this. One year I made a rather significant number entry error and should have owed a couple thousand more than I paid. I got a fairly routine letter later in the year asking me to correct the error. I had a little mental panic, reran the numbers, and filed an amended return. There was no pressure, you always have payment options, and they send you back another letter confirming the acceptance of the amended file. I understand that many people would have significant problems paying extra unexpectedly but unless you are actively committing fraud you are not an immediate priority for the IRS.

[-] Catoblepas@lemmy.blahaj.zone 22 points 1 year ago

And if you can't afford to pay it all in one go, they will work with you to set up a payment plan. If you can pay it off in 6 months it's basically a non-issue.

[-] Lionel@endlesstalk.org 8 points 1 year ago

They sound so nice compared to how evil the ads make them

[-] citrusface@lemmy.world 3 points 1 year ago

Or you can ignore it all together and let your refund the next year handle it ๐Ÿ™ƒ

[-] KinglyWeevil@lemmy.dbzer0.com 12 points 1 year ago

Make sure you save all those letters, lest you resolve the error and get a letter several years later saying you owe $x + interest due to an error that you've already resolved. Because they don't have those records digitally, apparently, and if you don't have paper copies of every document involved you might just get to pay that penalty whether it was ever due in the first place, or even if you've already paid the penalty. Or get a lawyer.

Which is what happened to me the year before last.

[-] Aviandelight@mander.xyz 3 points 1 year ago

Absolutely! I save everything when I comes to my money.

[-] EatYouWell@lemmy.world 1 points 1 year ago

Yeah, those letters should follow the 3-2-1 backup rule. 3 copies in 2 different mediums with 1 stored off-site.

this post was submitted on 18 Nov 2023
1655 points (97.7% liked)

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