Friday, October 17, 2014

3988 Freakout

Friday, October 17, 2014

What you do speaks so loud that I cannot hear what you say.
 --Ralph Waldo Emerson--


Our mail arrives usually after 5:30-ish, too late to conduct any business based on it.

One innocent-looking envelope today was from the IRS.

They claim I owe $61,569 additional on my 2012 income tax, $9,786 of which is a "tax understatement penalty". They want the money by November 13, 2014.


Tomorrow I'm going to copy the multi-page letter, and send copies to my investment guy Piper, and my CPA Angelo.

Something is VERY wrong.

I think my total 2012 income was around $72,000, including social security, retirement, capital gains, interest, and dividends, most of which is reinvested and I don't actually "see" it.

I fully expect Piper and Angelo to FIX THIS!


the queen said...

Holy crap! But it's good that it's so obviously wrong. If you owed six hundred that would be more believable and worrisome.

little red said...

Please update when this is straightened out. Also, the government has less credibility every day. I would like to know how they came to that figure.