The IRS hooked a brother up!
 

I fucked up my taxes in 2006 and got slammed with penalties and interest. I was finally able to satisfy my balance this tax year so I'm thrilled at that since those fuckers levied my bank account (checking and savings) before...not fun.

Here's the silver lining. I didn't know this but if you owe the IRS money that has accumulated penalties and interest, you can ask them to review your account and remove penalties for any tax year once you've satisfied your balance. I was penalized $5,900 in 2006 when I originally fucked up. I got on the phone with the IRS this morning and they reviewed and removed all the penalties from 2006 so I'm getting a check for $5,900 in a couple weeks.

Even though I paid them a shit load of money, it's nice to see I'm getting at least $5,900 of it back. :thumbsup

that is kind of cool

don't mess with the tax man

thank you obama

nice, congrats man!

Got to do mine.. I hate doing them.

Ain't that the truth!!!

They will get their money one way or another. I started out owing them $28k in 2006 and after all the penalties and interest, I ended up paying them nearly $40k over the span of 6 years. The IRS is like a credit card company you can run away from and with worse interest rates. I'm just glad to be done with them. They can make your life a living hell!

Moral of the story...you can't squeeze anything by the tax man, they will eventually find you. And when they do, they own your ass. So pay your taxes, people.

wow congrats. had issues w/ them in the past. nice $5900 in your pocket. Was all that due to one year or one or more years.

I had no idea you can ask for your penalties back... but you have to pay the whole thing off (with penalties) before they give it back to you, right?

Does the state do the same or just IRS?

I am currently paying off the IRS but with a monthly installment agreement. I still owe around $20k.

now it's time to spend some money :)

I got penalized for $23000 a couple of years ago. It was a fun time in my life.

Congrats :)