I pwnd the IRS!
Jul. 10th, 2007 05:47 pmI got a letter from the IRS saying that there was a discrepancy in my 05 taxes, to the tune of ~$800. This is bad, because I don't have a spare $800 to pay for the war and stuff.
I looked through the info, and I found that the difference in reported income was due to BoA reporting the interest on savings bonds I cashed in.
Now, I've reported the interest on these bonds every year, you either pay the interest as you, or pay it all at the end.
So, what did I do?
I got my taxes out, called the IRS and explained that, no, I didn't need to report that $2800 in income _because I'd already reported it over the years_. After a few minutes of arguing, I started going though my taxes, telling the guy "2003, Schedule B, Taxpayer elects to report interest on annual basis, $XXX, 2002, Schedule B, Taxpayer elects to report interest on annual basis, $YYY, 2001, Schedule B, Taxpayer elects to report interest on annual basis, $ZZZ"
and you know what?
The IRS guy AGREED!
So I'm getting a new form in a few weeks and it looks like I don't owe nothing, just like my taxes said!
So HAH!
IRS, I pwn you!
I looked through the info, and I found that the difference in reported income was due to BoA reporting the interest on savings bonds I cashed in.
Now, I've reported the interest on these bonds every year, you either pay the interest as you, or pay it all at the end.
So, what did I do?
I got my taxes out, called the IRS and explained that, no, I didn't need to report that $2800 in income _because I'd already reported it over the years_. After a few minutes of arguing, I started going though my taxes, telling the guy "2003, Schedule B, Taxpayer elects to report interest on annual basis, $XXX, 2002, Schedule B, Taxpayer elects to report interest on annual basis, $YYY, 2001, Schedule B, Taxpayer elects to report interest on annual basis, $ZZZ"
and you know what?
The IRS guy AGREED!
So I'm getting a new form in a few weeks and it looks like I don't owe nothing, just like my taxes said!
So HAH!
IRS, I pwn you!