Dear StG: You owe use $8000. Kthxbye, Love IRS

[Cheesesteak]

@Shodan

Just wait - soon you will receive a phone call from the IRS saying the local police are on their way to arrest you.

You should pickup a few prepaid debit cards from CVS, just in case.

[Procrustus]

@jz78817

yeah, this. People think the IRS is this big scary death star full of stormtroopers, but they’re actually very easy to work with (relatively speaking) as long as you make good faith effort to work with them. They’re also perfectly able to figure out the differences between a mistake or oversight (like this) and outright fraud or evasion. they just want to get you current on what you owe/owed.

I have received notices twice from the IRS saying I owed them money (when I didn’t think I did). Both times were resolved very easily.

One time, I neglected to file my return on time (and I owed money). (Due to an injury while out of the country in April. I returned with heath issues and a lot of pain meds and spaced out the whole thing for at least two weeks.). When I called to explain, they said I had a good history and if I paid what I owed they would waive all penalties.

[VinylTurnip]

We had the same thing happen this year. Same situation: paper check (which I was told was the only way) made out to the new plan administrator, mailed to me. My reply to the IRS notice:

1. It was correctly entered on our 1040 as a rollover,
2. It was coded as a direct rollover on the 1099-R (which their own notice confirmed), and
3. It was a fuckin’ ROLLOVER, as shown in the attached plan statement showing the deposit of however much on such-and-such date.

Their reply, which I assumed would be “oh, right! Nevermind!” instead said they’d investigate and get back to me in six weeks. Hey, no rush!