When I came home from work I made the mistake of checking the mail. In the mailbox was a very thick envelop from the Department of Treasury Internal Revenue Service in Fresno California. I love those people, but I think they may need glasses. I knew that anything this thick from the IRS was not a good thing. I got in the house and opened my little IRS care package to find that they’re under the impression that I didn’t pay enough on last year’s taxes. Apparently I owe them $1,376 plus $81.00 in interest, and if they continue to believe this I’m going to go to Federal pound-me-in-the-ass prison, because I simply didn’t make enough money that year to justify that amount.
I think the confusion lies in their belief that the mutual fund that I closed that year held untaxed money. I think they only bothered to look at the first page of the 1099 that the company I did business with sent. – That’s right, FIRST PAGE. If the IRS got the exact same information I did they should have THREE pages to sift through. This was a regular mutual fund in which I contributed my already taxed cash on a monthly basis. This was not an IRA or 401K. This was something I did on my own, and on the second page shows that my TOTAL ORDINARY DIVIDENDS was $55.37. That’s all. That’s it. Fifty five dollars and thirty seven cents is all I should be taxed on because all other money in that account had been taxed, so that is the amount I put on my tax form. Oh the crap I have to go through – It’s cause I’m a half-beaner isn’t it?
They just don’t like it when people that are painfully aware the government isn’t going to stop dipping into the social security funds meant for our retirement go ahead and take the initiative and start saving their own money. Cause once we retire we stop paying enough to be considered a contributing member of society. It’s just a drain to have old people around. Don’t believe me? Take a good look that that wonderful new healthcare that’s been devised. Tell me with a straight face that we care.
April 15th, 2008 at 6:34am
Well, that’s a very stupid mistake.
Welcome at my heads or tails:
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Have a great day!
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April 15th, 2008 at 1:21pm
Stupid mistake on whose part? Mine or the IRS? This post was in 2006 and In my defense I treated the 1099 like I would one from the bank. I don’t think the 1099 had a dash/stoke whatever other type of 1099, so I had no idea that a mutual fund would be treated any different than a regular savings. -In defense to the IRS, and it pains me to come to their defense, they do have a different separate form for dividends received from mutual funds.