I don’t get a lot of first class mail these days in my home mailbox – mostly store flyers and bulk mail solicitations stuffed with calendars, greeting cards and address labels. Or the occasional birthday or Christmas card.
My business address is used to collect checks, so I don’t usually see money in my home mailbox. No, when I see a regular number 10 envelope arrive, it is usually somebody wanting money – like the IRS.
I got one of THOSE letters on Friday and am on hold right now to try to clear it up. I’ll probably have to drop off before someone answers and will try again later.
The last time this happened, the IRS had mistakenly added a zero when entering the information from one of my 1099’s – instead of noting that I had earned $5,600 from one client that year, it ended up as $56,000.
After a flurry of phone calls and faxes, between me, the client and the IRS, the IRS agreed that it had been their error and didn’t charge me any additional tax or penalties, but it took a chunk of time and some stomach churning before figuring out what had happened.
This time it appears that one of my Quarterly Estimated Tax payments wasn’t credited. However, in order to prove that I did pay that installment, I will need to have an old bank dig through my now closed account to make a copy of the check – which will cost me some money no doubt.
Monday morning is probably not the best time to try to reach the IRS, so the only result of the time I am spending on hold right now will likely be the permanent ear wig of their on-hold music. I am also able to carefully analyze the vocal nuances of the female voice saying “Our representatives are still helping other customers, please continue to hold.”
Of course, there is the possibility that it is my error. I have said more than once that it would be great to have a bookkeeper!