I recently received this "bill" from the IRS. Color me confused. Is this some wacky shit computed by an errant algorithm? Anyone else receive such nonsense? Can I expect to be audited next? What a fricken joke/waste.

Send them a check for the full amount. It'll really screw their system.

Thirty years from now comes a bill for a thousand bucks, penalties and interest. I just might send them a check. I will guarantee they will cash it, the IRS never turns down money. Ask your CPA

quote:

Originally posted by ZSMICHAEL:
Thirty years from now comes a bill for a thousand bucks, penalties and interest. I just might send them a check. I will guarantee they will cash it, the IRS never turns down money. Ask your CPA

So, ya think 5 cents is enough?

Send them six cents, wait for the penny check.

Yeah, even though the last line states Amount Due $0.00, I think I'd send them a check for five cents. Or maybe six cents, like LS1 GTO recommended.

Just send them a check for the amount due. These folks do not have a sense of humor and easily take offense at that stuff. My CPA told me that many years ago.

My first year out of college, I figured something "wrong" on my taxes, and the amount owed to me was less than a dollar. I made them send it to me.

Well, they said please.

In a way that is scarier than a $1000 IRS bill.

Some years ago I got a bill from the IRS, they disallowed some itemized deductions, I now owed them more $$. Or I had to document my deductions.

I documented the deductions, they reduced the bill except for $200, said I needed one more document. I sent that last document, certified mail, return receipt, along with a printed copy of the IRS regulations specifying that for this particular category and amount of deduction, a document is not required.

Two months later they concurred, said they would credit my account. They never did so. I called every year, they promised action, until they finally said "yes we received the document, but the files are archived, and we can't access them" (ie, sorry, you lose).

Tape coins to the bill and send it in. They're hurting for coins.

I once had a poly sci guy tell me the fed .gov should have two jobs. Provide currency and defend the borders. Ours can do neither very well.

I wouldn’t worry about a full compliance audit. The letter is the result of an audit of some type already.

I actually got a similar letter 7-8 years ago.
It was it was followed up by two more lettered that reiterated that I do not need to make a payment.
They spent way more on sending me these notifications then I owed them.

quote:

Originally posted by Rinehart:
In a way that is scarier than a $1000 IRS bill.

LOL

Put it in a file with the tax form from the appropriate year.
Do not poke the IRS bear with a stick. Nothing good will happen.

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Do not poke the IRS bear with a stick. Nothing good will happen.

It's funny how that works. I was involved in a lawsuit regarding a family business and we had forensic accountants with a CPA firm going over records. During that process we discovered that a family member had moved some assets around to defraud the government out of taxes. It totaled over $1,000,000.

We turned him in, complete with supporting documents, and they didn't do a thing.

If you owe them a few dollars, they'll spend $10,000 worth of time and effort coming after it.

quote:

Originally posted by a1abdj:

quote:

Do not poke the IRS bear with a stick. Nothing good will happen.

It's funny how that works. I was involved in a lawsuit regarding a family business and we had forensic accountants with a CPA firm going over records. During that process we discovered that a family member had moved some assets around to defraud the government out of taxes. It totaled over $1,000,000.

We turned him in, complete with supporting documents, and they didn't do a thing.

If you owe them a few dollars, they'll spend $10,000 worth of time and effort coming after it.

I wonder what was the thinking of the IRS on the case you mention?

Not a tax issue, I left my first job after college, they were not kosher with charges on gov't contracts. I was later asked to testify against them. Turns out it never got to court. I found out later from a gov't fraud expert it was a cost/benefit analysis. How much will it cost to pursue this matter through the courts, how much will we likely get back? (Prob nothing as the firm was close to bankrupt). vs, what other cases can we pursue which will bring bigger $$ for the same effort? But the word got out re the firms ethics, they collapsed.

But this doesn't really explain IRS conduct.

^^^ Who is the IRS likely to get money from with minimal effort (ie, layout of funding and resources); the person with millions of dollars to fight the case or, you and I with barely enough to payback whatever the IRS claims you owe?

I got a check for three bucks this year.