In misc.taxes.moderated, sandybeth wrote:

- quote -

When I saw the subject, I wondered if you were having soldiers
staying at your home without permission. :-)

[posted as tax humor-- but at first I really did suspect it was a
post about a Bill of Rights thing.]

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MyVeryOwnSelf wrote:
- quote -

According to others in this group, there are some threshold amounts
below which the IRS won't necessarily pursue an underpayment. The tax
tables themselves (for most taxpayers under $100K taxable income) have
$50 steps built in (i.e. your income might rise or fall by that much and
still not change your tax).

Obviously these thresholds are not publicized. For $193 additional
balance due, I would file an amendment, and the state too, in your example.

I saw a client this year with a letter from the IRS saying, basically,
"you have a $105 credit, your tax due is $105, and oh by the way you owe
us $8 interest on the transaction so send us $8".

I was ready to track it down since my initial recollection was that the
client shouldn't have owed it, but he said it wasn't worth his time.

-Mark Bole

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- quote -

I should've stated that the question is about extra payment to the tax
collector (not a refund).

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<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

MyVeryOwnSelf wrote:
- quote -

If I amend for myself or a client to get a refund, the cost to the IRS
is irrelevant to me, only my time counts. If I can amend and get back
(net) the price of dinner out at someplace more than a fast food place,
I'll do it.

-Mark Bole

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<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

- quote -

What about $193? It seems too large to ignore, but I have no comparisons,
and haven't seen any IRS information about a lower limit.

If the state return is amended also, that would be $60 extra. It seems
sensible to amend it because if only federal is amended, the state carry-
forwards to 2009 would be different from federal ones (capital loss carry-
forward in this case), which sounds messy.

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<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

removeps-groups[at]yahoo.com wrote:
- quote -

And the degree of accuracy, and speed. All three factors are part of
the cost/benefit equation. I suspect there are more, for example tax
year and refund or balance due on the new version.

-Mark Bole

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

On Apr 18, 1:16 pm, kam...[at]panix.com (Arthur Kamlet) wrote:

- quote -

That seems cheap. How do they do it? Wouldn't it depend on the
complexity of the return?

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<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

In article <9aaa0c8b-acad-4b35-821b-78f53d608f28[at]z14g2000yqa.googlegroups.com> ,
sandybeth <sandyhb6[at]yahoo.com> wrote:
- quote -


For $3 I would not bother to amend. It costs the IRS about $35
to process each amended return.
--

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

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<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

Why can't these brokerage firms get their numbers correct the first
time??? Every year I have to file at least 1 amended return, this
year I filed 2. TODAY--April 18th--I received yet another corrected
statement from ETrade. They over-reported our qualified dividends by
$23.00. Instead of 175, they are 152. At 15% tax rate, that makes
the tax difference $3.30. Do I really have to file ANOTHER amended
return for this small of a difference?
Sandy

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >