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Author: westla6025 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121431  
Subject: Re: IRS sent refund now they want it back?? Date: 9/2/2001 2:45 PM
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Here's EXACTLY what happened in simplified terms...

Taxable Income was 1999 was 57,810
Tax due for 1999 was 22,647

(Yes I paid 39% in taxes that year. What a scam this is.
Luckily I've seen learned how to legally reduce this.)

So my total tax due for 1999 was 22,647.

I made 15,470 in estimated tax payments during the year,
leaving 7,248 tax due in April. I paid this amount.

Then in June I get a letter saying I paid 15,470 too much,
which is obviously all of the estimated taxes I paid, and
should have had to pay. For some reason they said I should
not have paid this amount because it was not due. Doh. So
they send me the 15,470 back as a refund.

Fast forward to last week. They send me a letter saying they
have disallowed 15,470 of the federal withholding I claimed.

Hello?! I didn't claim any federal withholding.

So, I think this explains the scenario pretty well. Can any
of you pros tell if this is assessable or unassessable? Any
advice on how I should proceed with this? My CPA is pretty
lame so I think I'll have to find someone else. I hate starting
over from scratch with new people ... ugh ...

Thanks.
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