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Message
re: Just got IRS letter - update
Posted on 4/29/24 at 4:54 pm to BBONDS25
Posted on 4/29/24 at 4:54 pm to BBONDS25
Just reading between the lines and listening to all the bitching I think there were issues with the IRS this year with returns. I've heard a lot of random people bitching about this (IRL and on social media). It's not a defense of the IRS, but this is a different universe than a potential audit.
I don't even know how you could audit a W2/standard deduction scenario other than verifying inputs on the W2 were done correctly and the software calculated the deduction correctly
I don't even know how you could audit a W2/standard deduction scenario other than verifying inputs on the W2 were done correctly and the software calculated the deduction correctly
Posted on 4/29/24 at 4:54 pm to Strannix
quote:
Lol my rep is the Speaker
Oh shite.
Was there some mysterious white powder in the letter?
Posted on 4/29/24 at 4:57 pm to Strannix
We got one, too. Received the first letter stating a 90-day review. Found a second letter on my IRS account that I, funny enough, never received giving me two weeks to send in more documentation. I would've missed the deadline had I not been tipped off by a Redditor to check. Failure to send in the additional documentation leads to a deduction in any return, of course. I'm sure the IRS would hate for that to happen.
This post was edited on 4/29/24 at 4:59 pm
Posted on 4/29/24 at 4:58 pm to SlowFlowPro
quote:
Just reading between the lines and listening to all the bitching I think there were issues with the IRS this year with returns. I've heard a lot of random people bitching about this (IRL and on social media). It's not a defense of the IRS, but this is a different universe than a potential audit. I don't even know how you could audit a W2/standard deduction scenario other than verifying inputs on the W2 were done correctly and the software calculated the deduction correctly
Exactly. Outside of a clerical error this makes no sense. That being said, I’ve only ever prepared 706s. I don’t even prepare my own returns. Hopefully there is an accountant on here that can explain it.
A good accountant is worth their weight in golf!
ETA: worth their weight in gold too.
This post was edited on 4/29/24 at 4:59 pm
Posted on 4/29/24 at 5:00 pm to SlowFlowPro
quote:
You got an audit letter with W2s and standard deductions?
It's weird. Wife and I each have a single W2, standard deduction, two children with no childcare credit. $130k gross income, we're lower middle class. We literally have nothing that we file but our W2s and mortgage. No student loans or anything extra.
Somehow, we got an audit letter last year. Nothing came of it except for our return being delayed.
Posted on 4/29/24 at 5:04 pm to TigerFanatic99
quote:
except for our return being delayed.
I suspect this is the culprit.
Posted on 4/29/24 at 5:07 pm to Strannix
quote:
Said we are in a 90 day review and will be holding return funds, that if we think we made a mistake we can file an amended return. A middle schooler could do our taxes.
Gotcha
Posted on 4/29/24 at 5:13 pm to MemphisGuy
Member when Joey said the 80K new IRS agents were only going after those bad rich people.........
Posted on 4/29/24 at 5:15 pm to Strannix
I don't think those IRS agents have been hired yet.
I think the IRS is fricking up returns somehow and using this as cover to delay them.
I think the IRS is fricking up returns somehow and using this as cover to delay them.
Posted on 4/29/24 at 5:16 pm to Strannix
quote:
We do well but not over 400k, barely 300 - standard deduction
Standard deduction at 300k? Really?
Posted on 4/29/24 at 5:18 pm to MFn GIMP
quote:
Standard deduction at 300k? Really?
Why would this surprise you? Thats not much money in 2024
Posted on 4/29/24 at 5:23 pm to Strannix
I don't know but have been told that filing an extension....
Posted on 4/29/24 at 5:24 pm to Strannix
https://mikejohnson.house.gov/services/help-with-a-federal-agency.htm
Don't hesitate to do this as standardized deduction screams that they are wasting time and money.
Don't hesitate to do this as standardized deduction screams that they are wasting time and money.
Posted on 4/29/24 at 5:30 pm to SlowFlowPro
They have been hired and are on the job. There was some official announcement in an article and they were bragging about getting a real person maybe if you call the IRS.
Posted on 4/29/24 at 5:33 pm to NewbombII
I am a happy democrat, I think true the vote are right wing crazies. The IRS are the best people and have the best SEIU making sure the fine people agents are paid well and have healthcare and full medical leave for trans queer surgery.
They rock!
They rock!
Posted on 4/29/24 at 5:38 pm to BBONDS25
quote:
I suspect this is the culprit.
I think he means his refund was delayed, not that he was late in filing his return.
Posted on 4/29/24 at 5:52 pm to Strannix
quote:
Why would this surprise you? Thats not much money in 2024
Awesome!!
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