"The IRS Just Sent Me $160,000. Can I Keep It?" | TigerDroppings.com
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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
4539 posts

"The IRS Just Sent Me $160,000. Can I Keep It?"

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Anyone ever had this happen to them? Maybe not to the extent of $160,000+, but they paid you more than what you were supposed to get?

Some of the comments under the article stated that eventually they would catch the mistake and demand interest.


drewnbrla
LSU Fan
The Dark Side of the Moon
Member since Mar 2011
5426 posts

re: "The IRS Just Sent Me $160,000. Can I Keep It?"
You better verify that shite or they'll verify your ass, frick yo wife then kick your dog, and slash your tires on the way out. Seriously, don't frick with the Government


or else...

























































































































































































OnTheBrink
Alabama Fan
TN
Member since Mar 2012
4539 posts

re: "The IRS Just Sent Me $160,000. Can I Keep It?"
Oh, this didn't happen to me. Just curious if this is a somewhat common problem.

One of the comments under it stated that he received $20,000 and a couple of years later the IRS came looking for it and demanded interest. Thats fricked up.


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GeauxColonels
Nicholls St. Fan
Tottenham Hotspur Fan
Member since Oct 2009
18236 posts
Online

re: "The IRS Just Sent Me $160,000. Can I Keep It?"
Not long after I got out of school, I filed my return and was due a refund. I got back MORE than my return stated I should get back and received a letter from the IRS stating that they found an error on my return and that I understated my refund. I didn't spend the extra for about 3 years.


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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
16874 posts

re: "The IRS Just Sent Me $160,000. Can I Keep It?"
Our tax laws are voluntary. This means you volunteer to the government the information that determines your tax libility. So you are presumed to know how much tax you owed versus how much tax you paid, and you are presumed to know when the government sends you money in error.

If the government sends you money in error, then you had best never deposit the check. Contact the IRS and inform them you received a check in error. The reason for doing so is that the IRS will eventually deterine that the mistake was made. When they do they apply IRS accounting rules to the repayment of the outstnding amount, and it may screw up your taxes for several years in which the IRS will assess penalties and interest.


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toosleaux
Southern Fan
Wired To The T
Member since Dec 2007
4096 posts
Online

re: "The IRS Just Sent Me $160,000. Can I Keep It?"
Damn that was a lot of scrolling.


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NastyTiger
UConn Fan
Hammond/Baton Rouge/Lafayette
Member since Jun 2005
9405 posts

re: "The IRS Just Sent Me $160,000. Can I Keep It?"
GO spend it now!


joshnorris14
Florida Fan
Florida
Member since Jan 2009
21471 posts

re: "The IRS Just Sent Me $160,000. Can I Keep It?"
Wire it to an off shore bank account and move to China.


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