Wednesday, May 22, 2024

"AMAZING STORY ABOUT IRS" BY CARPATHIA VIA RVHIGHIGHTS TELEGRAM ROOM, 22 MAY

 CARPATHIA

FROM A MEMBER WHO HAS ASKED THEIR NAME NOT TO BE GIVEN, BUT A GREAT IRS STORY!!!!  ***** Carpathia, 


I have a really amazing story about IRS.

You may post the story without my name for obvious reasons. 

My son and daughter- in-law are both doctors in California. Since the are so busy, I take care of a lot of financial non-sense for them.


Every year after figuring there joint return with a CPA I oversee, they owe about $35,000 more than what was withheld. They are W-2 employees of a medical corporation. 


My son is terrified of the IRS. Since their return wasn't complete on April 15th, I asked him if he wanted me to send a bill pay from his account for $35,000, since it usually about that amount additional of the withholding. 


He said it was a good idea so I did.

Once the return was complete, they still owed another about $5,000.

The return was e-filed by the CPA and I did a 2nd bill pay for the $5,000 balance. 


About a week later, my son called me after his work and told me the IRS had refused the money, sent it back, and Wells Fargo notified him the IRS had returned the $35,000 to hos account with NO explanation. 

You know what I was thinking, but my son is not "enlightened."


It was a Friday when we were notified. So I told my son first thing Monday I would seek advice from the CPA.


When I did he told me it was probably a bureaucratic mess up. He told me we needed to try again, but recommended I go to IRS.gov. Front page there is a link for "Make a payment. "

I did this the next day, put in the info.


You must designate for the year payment is owed. There was a drop-down menu  for year. BUT only years 2022 and before were possible options, BUT NOT 2023! 


There is no way to pay 2023 through IRS website. 


Next day I called CPA again. He had no idea what else to do. Finally we concluded only thing to do was wait for IRS to send a request for payment. 


I am not certain what to make of all this, but considering all other banking stories going on maybe we have an IRS story. I don't know but thought maybe others might coroberate.

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