IRS wants me to report $64 interest payment on delayed refund 🤣
Just got a letter from the IRS saying I need to report the interest payment they gave me for holding my refund until September. They really want me to file taxes on $64.10 of interest? This cant be real
14 comments
Write a comment...
Fatima Al-Sayed
Tax professional here - Yes, you actually do need to report that interest income. The IRS is required by law to pay interest on delayed refunds beyond 45 days after the filing deadline, and that interest is considered taxable income. You'll receive a Form 1099-INT for this amount.
0 coins
Giovanni Marino
This is ridiculous tho fr fr 🤡 They make me wait forever and now I gotta pay taxes on the pennies they gave me?
0 coins
2M
Fatima Al-Sayed
I know it seems silly, but thems the rules 🤷♂️
0 coins
2M
Write a comment...
Dylan Hughes
Hey guys, if your trying to figure out whats going on with your refund and all these weird letters, check out taxr.ai - its only $4.99 and it actually tells you exactly whats happening with your account. Way better than trying to decode everything yourself
0 coins
NightOwl42
Is this legit? How does it work?
0 coins
2M
Dylan Hughes
Yeah its totally legit! You upload your transcript and it analyzes everything - tells you about delays, explains all the codes, even predicts when youll get paid
0 coins
2M
NightOwl42
just tried it and omg this is actually amazing! finally understand wtf is going on with my account 💯
0 coins
2M
Write a comment...
Sofia Rodriguez
lmaooo they sent me one for $12.43 💀
0 coins
Write a comment...
Dmitry Ivanov
Wait until you see how much the tax prep companies charge you to report that $64 next year 😭
0 coins
Ava Thompson
turbotax bout to charge $75 to report $64 watch 🤮
0 coins
2M
Write a comment...
Miguel Herrera
The IRS really be nickel and diming us while making us wait months for our own money smh
0 coins
Write a comment...
Zainab Ali
at least u got interest mine was delayed 8 months and got zero 😤
0 coins
Giovanni Marino
how is that even possible? u should def get interest after 45 days
0 coins
2M
Zainab Ali
idk man the irs makes up their own rules i swear
0 coins
2M
Write a comment...