Strange letter from the IRS
 

I got a letter today saying I overpaid $3204.00 on my 2011 return and
they will be sending me a check. I am not sure If I should call them
to see what happened or not. I looked at the return and that number
does not pop out anywhere. The last time this happened they told me
which lines got changed on the 1040. I can't believe there was three
grand in that K1 ;-)
I guess it is better to know than to get a bill in 6 more years.

Strange letter from the IRS
 

On Mon, 19 Jun 2017 19:29:37 -0400, wrote:

I got a letter today saying I overpaid $3204.00 on my 2011 return and
they will be sending me a check. I am not sure If I should call them
to see what happened or not. I looked at the return and that number
does not pop out anywhere. The last time this happened they told me
which lines got changed on the 1040. I can't believe there was three
grand in that K1 ;-)
I guess it is better to know than to get a bill in 6 more years.

===

I'd consult with a tax professional. If you have partnership
investments things can get very complicated. It's possible you have
left money on the table in other years.

Strange letter from the IRS
 

On Mon, 19 Jun 2017 20:27:41 -0400, Wayne.B
wrote:

On Mon, 19 Jun 2017 19:29:37 -0400, wrote:

I got a letter today saying I overpaid $3204.00 on my 2011 return and
they will be sending me a check. I am not sure If I should call them
to see what happened or not. I looked at the return and that number
does not pop out anywhere. The last time this happened they told me
which lines got changed on the 1040. I can't believe there was three
grand in that K1 ;-)
I guess it is better to know than to get a bill in 6 more years.

===

I'd consult with a tax professional. If you have partnership
investments things can get very complicated. It's possible you have
left money on the table in other years.

I know I am leaving money on the table with this K1 but when I
actually run the numbers, it ends up being a few bucks.
I really have to look at that return a little closer but I can't
believe I had that kind of money out of whack. I am not that rich ;-)
I am going to start by asking the IRS folks and see where they came up
with that number. Who knows, maybe I am leaving money on the table I
don't know about.
If this is the partnership, I may have to file some amended returns,
and send Carl Ichan some flowers or something,

Strange letter from the IRS
 

On Monday, 19 June 2017 21:56:13 UTC-3, wrote:
On Mon, 19 Jun 2017 20:27:41 -0400, Wayne.B
wrote:

On Mon, 19 Jun 2017 19:29:37 -0400, wrote:

I got a letter today saying I overpaid $3204.00 on my 2011 return and
they will be sending me a check. I am not sure If I should call them
to see what happened or not. I looked at the return and that number
does not pop out anywhere. The last time this happened they told me
which lines got changed on the 1040. I can't believe there was three
grand in that K1 ;-)
I guess it is better to know than to get a bill in 6 more years.

===

I'd consult with a tax professional. If you have partnership
investments things can get very complicated. It's possible you have
left money on the table in other years.

I know I am leaving money on the table with this K1 but when I
actually run the numbers, it ends up being a few bucks.
I really have to look at that return a little closer but I can't
believe I had that kind of money out of whack. I am not that rich ;-)
I am going to start by asking the IRS folks and see where they came up
with that number. Who knows, maybe I am leaving money on the table I
don't know about.
If this is the partnership, I may have to file some amended returns,
and send Carl Ichan some flowers or something,


Up here you get a printout of the new figures and what line they are on with your cheque or payment demand.

Strange letter from the IRS
 

On Mon, 19 Jun 2017 20:55:52 -0400, wrote:

On Mon, 19 Jun 2017 20:27:41 -0400, Wayne.B
wrote:

On Mon, 19 Jun 2017 19:29:37 -0400, wrote:

I got a letter today saying I overpaid $3204.00 on my 2011 return and
they will be sending me a check. I am not sure If I should call them
to see what happened or not. I looked at the return and that number
does not pop out anywhere. The last time this happened they told me
which lines got changed on the 1040. I can't believe there was three
grand in that K1 ;-)
I guess it is better to know than to get a bill in 6 more years.

===

I'd consult with a tax professional. If you have partnership
investments things can get very complicated. It's possible you have
left money on the table in other years.

I know I am leaving money on the table with this K1 but when I
actually run the numbers, it ends up being a few bucks.
I really have to look at that return a little closer but I can't
believe I had that kind of money out of whack. I am not that rich ;-)
I am going to start by asking the IRS folks and see where they came up
with that number. Who knows, maybe I am leaving money on the table I
don't know about.
If this is the partnership, I may have to file some amended returns,
and send Carl Ichan some flowers or something,

===

There may be things like depreciation, interest expenses and/or
depletion allowances hidden in the K1 that you can deduct against
ordinary income. That said, I am not a tax expert.

Strange letter from the IRS
 

On Mon, 19 Jun 2017 18:28:01 -0700 (PDT), True North
wrote:

On Monday, 19 June 2017 21:56:13 UTC-3, wrote:
On Mon, 19 Jun 2017 20:27:41 -0400, Wayne.B
wrote:

On Mon, 19 Jun 2017 19:29:37 -0400, wrote:

I got a letter today saying I overpaid $3204.00 on my 2011 return and
they will be sending me a check. I am not sure If I should call them
to see what happened or not. I looked at the return and that number
does not pop out anywhere. The last time this happened they told me
which lines got changed on the 1040. I can't believe there was three
grand in that K1 ;-)
I guess it is better to know than to get a bill in 6 more years.

===

I'd consult with a tax professional. If you have partnership
investments things can get very complicated. It's possible you have
left money on the table in other years.

I know I am leaving money on the table with this K1 but when I
actually run the numbers, it ends up being a few bucks.
I really have to look at that return a little closer but I can't
believe I had that kind of money out of whack. I am not that rich ;-)
I am going to start by asking the IRS folks and see where they came up
with that number. Who knows, maybe I am leaving money on the table I
don't know about.
If this is the partnership, I may have to file some amended returns,
and send Carl Ichan some flowers or something,


Up here you get a printout of the new figures and what line they are on with your cheque or payment demand.

That is what I expected too. This is not the first time the IRS has
told me they owe me money. I am surprised they still audit me. I
always get more money when they do. I have that return sitting here
but I am waiting until it quiets down a little. I will go over it and
see if I see where things went wrong ... assuming this is not just a
mistake. My first thought was the check didn't clear or something but
these are not the right numbers for my refund.
I may get the statement with the check, I think that is how it worked
in the past. This is the first time I got the letter saying a check
was coming.

Strange letter from the IRS
 

On 6/19/2017 9:50 PM, wrote:
On Mon, 19 Jun 2017 18:28:01 -0700 (PDT), True North
wrote:

On Monday, 19 June 2017 21:56:13 UTC-3, wrote:
On Mon, 19 Jun 2017 20:27:41 -0400, Wayne.B
wrote:

On Mon, 19 Jun 2017 19:29:37 -0400, wrote:

I got a letter today saying I overpaid $3204.00 on my 2011 return and
they will be sending me a check. I am not sure If I should call them
to see what happened or not. I looked at the return and that number
does not pop out anywhere. The last time this happened they told me
which lines got changed on the 1040. I can't believe there was three
grand in that K1 ;-)
I guess it is better to know than to get a bill in 6 more years.

===

I'd consult with a tax professional. If you have partnership
investments things can get very complicated. It's possible you have
left money on the table in other years.

I know I am leaving money on the table with this K1 but when I
actually run the numbers, it ends up being a few bucks.
I really have to look at that return a little closer but I can't
believe I had that kind of money out of whack. I am not that rich ;-)
I am going to start by asking the IRS folks and see where they came up
with that number. Who knows, maybe I am leaving money on the table I
don't know about.
If this is the partnership, I may have to file some amended returns,
and send Carl Ichan some flowers or something,


Up here you get a printout of the new figures and what line they are on with your cheque or payment demand.

That is what I expected too. This is not the first time the IRS has
told me they owe me money. I am surprised they still audit me. I
always get more money when they do. I have that return sitting here
but I am waiting until it quiets down a little. I will go over it and
see if I see where things went wrong ... assuming this is not just a
mistake. My first thought was the check didn't clear or something but
these are not the right numbers for my refund.
I may get the statement with the check, I think that is how it worked
in the past. This is the first time I got the letter saying a check
was coming.


Did the letter ask for your bank routing number and your account number
and was the postmark from Nigeria? :-)

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Strange letter from the IRS
 

On Mon, 19 Jun 2017 21:32:01 -0400, Wayne.B
wrote:


There may be things like depreciation, interest expenses and/or
depletion allowances hidden in the K1 that you can deduct against
ordinary income. That said, I am not a tax expert.

That is what I am saying, There are no big numbers on the K1. It is 5
bucks here and 10 bucks there. The last time I filled out all 10
forms, it ended up being a few bucks a form. I just take the
distributions as ordinary income and let Sam have the 20 bucks.
.... but I may be wrong ;-)

Strange letter from the IRS
 

On Mon, 19 Jun 2017 21:56:44 -0400, "Mr. Luddite"
wrote:


Did the letter ask for your bank routing number and your account number
and was the postmark from Nigeria? :-)

That was my first thought but they did not ask me for anything.

I did look at that return and it was a cluster****.
I screwed up the first swing at it. I filed an amended return and they
came up with another number I could agree with so I called it a day.
None of them match this number and the discrepancies were just a few
hundred bucks one way and the other. I am really starting to wonder if
I never got that check (those numbers are close) but I think I would
have remembered it not coming since that is our air fare and rentacar
on vacation. I am thinking about stopping by the bank and seeing if
they can pull up my DDA but I am not sure when the EFT would have
come.
I am just going to sit tight and see if they pay me. If it is a check
they never sent me it is found money and if they just screwed up I
will pay them back if they find it.

Strange letter from the IRS
 

On 6/19/2017 10:01 PM, wrote:
On Mon, 19 Jun 2017 21:56:44 -0400, "Mr. Luddite"
wrote:


Did the letter ask for your bank routing number and your account number
and was the postmark from Nigeria? :-)

That was my first thought but they did not ask me for anything.

I did look at that return and it was a cluster****.
I screwed up the first swing at it. I filed an amended return and they
came up with another number I could agree with so I called it a day.
None of them match this number and the discrepancies were just a few
hundred bucks one way and the other. I am really starting to wonder if
I never got that check (those numbers are close) but I think I would
have remembered it not coming since that is our air fare and rentacar
on vacation. I am thinking about stopping by the bank and seeing if
they can pull up my DDA but I am not sure when the EFT would have
come.
I am just going to sit tight and see if they pay me. If it is a check
they never sent me it is found money and if they just screwed up I
will pay them back if they find it.


I'm in limbo, my accountant eFiled my return, it was rejected. Reason,
I claimed my working child, and the IRS says he also claimed himself.
He didn't,
I helped him with his taxes and made sure he didn't. I have his return,
he didn't claim himself, my accountant has his return, he also says he
didn't claim himself.
The additional paperwork is in process.
Mikek
BTW, on a 1040, you check a box if you are claiming as a dependent,
on a 1040EZ, you check a box if you are NOT claiming as a dependent.