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  #7  
Old 04-07-2008, 08:25 PM
Santa
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Default Re: Form 1099 (interest income) from IRS?? [revised]

On Mar 4, 10:30*pm, k.did...[at]gmail.com wrote:
- quote -

> > *<ops...[at]gmail.com> wrote:
> > > I receved one of these and was just wondering how to claim it. Would
> > > it just be like a 1099-Int?

> > Yes, is this a trick question?
> > I assume the IRS refunded some tax and paid you interest?

> I think the question is if this should be treated the same as a 1099-
> Int versus a 1099-G or a 1099-R or whatever. *The form I received
> simply says 1099 and doesn't specify beyond that.
> --
> << ------------------------------------------------------- > > << The foregoing was not intended or written to be used, * > > << nor can it used, for the purpose of avoiding penalties *> > << that may be imposed upon the taxpayer. * * * * * * * * *> > << * * * * * * * * * * * * * * * * * * * * * * * * * * * * > > << * The Charter and the Guidelines for submitting posts * > > << *to this newsgroup as well as our anti-spamming policy *> > << * * * * * * * * *are atwww.asktax.org. * * * * * * * * > > << * * * * Copyright (2007) - All rights reserved. * * * * > > << ------------------------------------------------------- >

I received a 1099 for $13.09 bases upon a refund (interest they earned
while they sat on my money). I just discovered this document, and I've
already filed my 07 taxes. If I get audited, I'm goint to just tell
them that "I'm sitting on it" and that "I'll gladly pay them interest
on the $13" but thell get a 1099 from me".

========================================= MODERATOR'S COMMENT:
Please delete unnecessary text from the prior message when responding.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #6  
Old 03-05-2008, 02:30 AM
k.diddle@gmail.com
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Posts: n/a
Default Re: Form 1099 (interest income) from IRS?? [revised]

- quote -

> <ops...[at]gmail.com> wrote:
> > I receved one of these and was just wondering how to claim it. Would
> > it just be like a 1099-Int?

> Yes, is this a trick question?
> I assume the IRS refunded some tax and paid you interest?


I think the question is if this should be treated the same as a 1099-
Int versus a 1099-G or a 1099-R or whatever. The form I received
simply says 1099 and doesn't specify beyond that.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #5  
Old 02-25-2008, 03:54 AM
Arthur Kamlet
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Posts: n/a
Default Re: Form 1099 (interest income) from IRS?? [revised]

In article <4e873d64-f1ad-4993-91db-949fa767f6f2[at]d5g2000hsc.googlegroups.com> ,
<opserc[at]gmail.com> wrote:
- quote -

> I receved one of these and was just wondering how to claim it. Would
> it just be like a 1099-Int?




Yes, is this a trick question?

I assume the IRS refunded some tax and paid you interest?
--


ArtKamlet at a o l dot c o m Columbus OH K2PZH

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #4  
Old 02-25-2008, 03:48 AM
opserc@gmail.com
Guest
 
Posts: n/a
Default Re: Form 1099 (interest income) from IRS?? [revised]

I receved one of these and was just wondering how to claim it. Would
it just be like a 1099-Int?

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #3  
Old 01-31-2008, 02:35 AM
vikingrob@gmail.com
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Posts: n/a
Default Re: Form 1099 (interest income) from IRS?? [revised]

On Jan 16, 3:51*pm, Harlan Lunsford <hnslunsf...[at]bellsouth.net> wrote:
- quote -

> Sure they already know it, so the real purpose is to let you know that
> they know it! *ifyougetmydrift.


If that's the case, why not simply put a line on the tax form to add
the interest to your income above the line?

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #2  
Old 01-16-2008, 08:51 PM
Harlan Lunsford
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Posts: n/a
Default Re: Form 1099 (interest income) from IRS?? [revised]

Stuart Bronstein wrote:
- quote -

> wrote:
> > I just checked my 2006 tax return and sure enough the crytic 1099
> > form from the IRS was
> > exactly the amount calculated as interest for my telephone excise
> > tax refund on Form 8913.

> It just struck me, but why in the world would they send a 1099? Isn't
> the purpose to notify the IRS? Don't they know already?
> Or is it just their way of saying "gocha"? I wonder if what they'll
> recover in tax on those interest charges will be greater than the costs
> of creating and sending all those 1099.


Sure they already know it, so the real purpose is to let you know that
they know it! ifyougetmydrift.

ChEAr$,
Harlan

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #1  
Old 01-15-2008, 03:04 AM
Stuart Bronstein
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Posts: n/a
Default Re: Form 1099 (interest income) from IRS?? [revised]

wrote:

- quote -

> I just checked my 2006 tax return and sure enough the crytic 1099
> form from the IRS was
> exactly the amount calculated as interest for my telephone excise
> tax refund on Form 8913.


It just struck me, but why in the world would they send a 1099? Isn't
the purpose to notify the IRS? Don't they know already?

Or is it just their way of saying "gocha"? I wonder if what they'll
recover in tax on those interest charges will be greater than the costs
of creating and sending all those 1099.

Stu

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 
Old 01-15-2008, 03:01 AM
bvitenas@yahoo.com
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Posts: n/a
Default Re: Form 1099 (interest income) from IRS?? [revised]

On Jan 13, 1:14*pm, "btat3808" <btat9...[at]yahoo.com> wrote:
- quote -

> If you filed for a phone federal excise tax refund, check your 2006 return
> Form 8913. This is probably the interest compounded on your phone federal
> excise tax refund March 2003 thru July 2006. They get you coming and
> going.
> --
> Message posted usinghttp://www.talkabouttaxes.com/group/misc.taxes.moderated/
> More information athttp://www.talkabouttaxes.com/faq.html
> --
> << ------------------------------------------------------- > > << The foregoing was not intended or written to be used, * > > << nor can it used, for the purpose of avoiding penalties *> > << that may be imposed upon the taxpayer. * * * * * * * * *> > << * * * * * * * * * * * * * * * * * * * * * * * * * * * * > > << * The Charter and the Guidelines for submitting posts * > > << *to this newsgroup as well as our anti-spamming policy *> > << * * * * * * * * *are atwww.asktax.org. * * * * * * * * > > << * * * * Copyright (2007) - All rights reserved. * * * * > > << ------------------------------------------------------- >

I just checked my 2006 tax return and sure enough the crytic 1099 form
from the IRS was
exactly the amount calculated as interest for my telephone excise tax
refund on Form 8913.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 01-13-2008, 08:14 PM
btat3808
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Posts: n/a
Default Re: Form 1099 (interest income) from IRS?? [revised]

If you filed for a phone federal excise tax refund, check your 2006 return
Form 8913. This is probably the interest compounded on your phone federal
excise tax refund March 2003 thru July 2006. They get you coming and
going.

--
Message posted using http://www.talkabouttaxes.com/group/...xes.moderated/
More information at http://www.talkabouttaxes.com/faq.html

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 

Tags
1099, form, income, interest, irs, revised
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