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Old 10-02-2018, 09:40 AM
 
4,147 posts, read 4,543,961 times
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Quote:
Originally Posted by TaxPhd View Post
How is it the IRS' fault that you paid taxes on exempt income?
I asked about the interest rate. Nothing else.
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Old 10-02-2018, 02:34 PM
 
Location: Raleigh
6,965 posts, read 5,187,171 times
Reputation: 9400
Quote:
Originally Posted by TaxPhd View Post
How is it the IRS' fault that you paid taxes on exempt income?
Those kinds of eff ups happen all the time to our Servicemen and women from what I gather. It isn't like they're in a position to go to Joann in Payroll and have her fix it for her. They have bigger fish to fry.
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Old 10-02-2018, 02:38 PM
 
17,624 posts, read 12,203,533 times
Reputation: 12858
Quote:
Originally Posted by JONOV View Post
Those kinds of eff ups happen all the time to our Servicemen and women from what I gather. It isn't like they're in a position to go to Joann in Payroll and have her fix it for her. They have bigger fish to fry.
Joann in payroll wouldnít have to fix anything would they? Ultimately if you filed you tax return correctly your get your money back
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Old 10-02-2018, 03:43 PM
 
5,221 posts, read 2,377,031 times
Reputation: 5111
Quote:
Originally Posted by KayAnn246 View Post
I asked about the interest rate. Nothing else.
I simply asked a question based on this statement:

Quote:
Quote:
Originally Posted by KayAnn246
No, it's from taxes I paid while on active duty that should have been exempt. It was the IRS's fault so they are giving it back.
I'm curious about how it is their fault that you paid taxes.

People frequently blame the IRS for something, even when it's not the fault of the IRS. I suspect that's the case here, in which case your reluctance to answer is understandable.

As to the question you did ask, we need more information. What prompted the IRS to give back this money? Did you file an amended return, or was it something else?
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Old 10-02-2018, 07:13 PM
 
844 posts, read 359,406 times
Reputation: 875
Quote:
Originally Posted by TaxPhd View Post
As to the question you did ask, we need more information. What prompted the IRS to give back this money? Did you file an amended return, or was it something else?
Would historic interest rates change based on the answers to these questions? The OP didnít ask how much they would get, just what the rates were.
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Old 10-02-2018, 09:00 PM
 
5,221 posts, read 2,377,031 times
Reputation: 5111
Quote:
Originally Posted by SuiteLiving View Post
Would historic interest rates change based on the answers to these questions? The OP didnít ask how much they would get, just what the rates were.
No. But the answer to the question would address whether or not any interest would be paid.
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Old 10-09-2018, 01:55 PM
 
27,461 posts, read 44,959,956 times
Reputation: 14041
Quote:
Originally Posted by Lowexpectations View Post
0%
That is not correct


We had one tax return several years ago where we had to pay anticipated owed but after the K1s were in and the real math happened, we got significant refund with interest paid
I would have been happy to have let the IRS have more of my money if I could have gotten it back with interest after 6mo or a year...
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Old 10-10-2018, 07:00 AM
 
886 posts, read 177,125 times
Reputation: 1205
Quote:
Originally Posted by TaxPhd View Post
I simply asked a question based on this statement:

I'm curious about how it is their fault that you paid taxes.

People frequently blame the IRS for something, even when it's not the fault of the IRS. I suspect that's the case here, in which case your reluctance to answer is understandable.
Figures a Tax Phd would get defensive over this...
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