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[personal profile] dphilli1
I 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!
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dphilli1

October 2014

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