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Form 1099 from IRS ?

 
 
Victor Roberts
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      01-11-2008, 02:43 AM
I received a Form 1099 today that looks like it is from the
IRS. The Form 1099 has an EIN of 38-1798424 and claims
Interest of $23.00 and states Calendar 2007. Based on a web
search there was a discussion about these forms in this
group back in 2003. At that time the Form 1099 was
attributed to interest that the IRS paid due to delayed
refunds.

I did received Federal Income Tax refund in 2007 for tax
year 2006. However, the amount of the refund received from
the IRS was exactly the same as the amount of the refund I
calculated on my 2006 Form 1040.

If my refund was not increased, how was I supposed to have
received this $23.00 "interest" from the IRS?

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Vic Roberts
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Condor
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      01-11-2008, 05:24 PM
>I received a Form 1099 today that looks like it is from the
> IRS. The Form 1099 has an EIN of 38-1798424 and claims
> Interest of $23.00 and states Calendar 2007. Based on a web
> search there was a discussion about these forms in this
> group back in 2003. At that time the Form 1099 was
> attributed to interest that the IRS paid due to delayed
> refunds.
>
> I did received Federal Income Tax refund in 2007 for tax
> year 2006. However, the amount of the refund received from
> the IRS was exactly the same as the amount of the refund I
> calculated on my 2006 Form 1040.
>
> If my refund was not increased, how was I supposed to have
> received this $23.00 "interest" from the IRS?


It's probably the interest component of your Telephone Excise Tax Refund
(TETR).


Condor

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<< The foregoing was not intended or written to be used, >>
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<< that may be imposed upon the taxpayer. >>
<< >>
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Ernie Klein
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      01-11-2008, 07:30 PM
In article <Ce->,
"Condor" <> wrote:

> > If my refund was not increased, how was I supposed to have
> > received this $23.00 "interest" from the IRS?

>
> It's probably the interest component of your Telephone Excise Tax Refund
> (TETR).


If that is the case, then shouldn't all of the millions of us with
telephones who requested the refund be getting the same 1099 telling us
to return part of the refund ("We really didn't mean that you could keep
all of the refund - now give some of it back")?

--
-Ernie-

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<< The foregoing was not intended or written to be used, >>
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<< 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 >>
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Harlan Lunsford
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      01-11-2008, 10:23 PM
Ernie Klein wrote:
> In article <Ce->,
> "Condor" <> wrote:
>
>>> If my refund was not increased, how was I supposed to have
>>> received this $23.00 "interest" from the IRS?

>> It's probably the interest component of your Telephone Excise Tax Refund
>> (TETR).

>
> If that is the case, then shouldn't all of the millions of us with
> telephones who requested the refund be getting the same 1099 telling us
> to return part of the refund ("We really didn't mean that you could keep
> all of the refund - now give some of it back")?
>

Because...... Interest was paid due to a certain business form
calculating actual amounts and broken down by certain time periods,
since IRS interest rates varied during the look back time of the
rebates. It was complicated. It was SO complicated, that I just gave up
on it for my business.

ChEAr$,
Harlan Lunsford, EA n LA

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<< that may be imposed upon the taxpayer. >>
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Victor Roberts
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      01-12-2008, 02:57 PM
On Fri, 11 Jan 2008 12:24:53 EST, "Condor"
<> wrote:

>>I received a Form 1099 today that looks like it is from the
>> IRS. The Form 1099 has an EIN of 38-1798424 and claims
>> Interest of $23.00 and states Calendar 2007. Based on a web
>> search there was a discussion about these forms in this
>> group back in 2003. At that time the Form 1099 was
>> attributed to interest that the IRS paid due to delayed
>> refunds.
>>
>> I did received Federal Income Tax refund in 2007 for tax
>> year 2006. However, the amount of the refund received from
>> the IRS was exactly the same as the amount of the refund I
>> calculated on my 2006 Form 1040.
>>
>> If my refund was not increased, how was I supposed to have
>> received this $23.00 "interest" from the IRS?

>
>It's probably the interest component of your Telephone Excise Tax Refund
>(TETR).


Thanks. You are correct. My Form 8913 shows interest of
$23. (Since I had all the receipts I filled in the long
form.)

--
Vic Roberts
Replace xxx with vdr in e-mail address.

--
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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. >>
<< ------------------------------------------------------- >>
 
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engineer2001
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      01-14-2008, 04:27 PM
I got the same form. Luckily, I found this thread, or I would have
been calling the IRS and talking to them today. They should have
included a note to let the umpteen million Americans who are getting
these know that this is to give them part of their wrongly-withheld
excise tax back. I kept all my phone statements and got back every
cent I paid plus interest. Makes sense now.

All the other posts I have read indicate that a 1099 from the IRS is
usually for monies received from amended returns (1040X). I have
filed no amended returns, so I was freaking out a bit.

Thanks!

--
<< ------------------------------------------------------- >>
<< 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. >>
<< ------------------------------------------------------- >>
 
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chorchonga@gmail.com
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      01-14-2008, 10:53 PM
Thanks for the info! I too got a mysterious 1099 from the IRS today
in the amount of $12.00. You have saved me a lot of trouble and
headache because I don't think I would have been able to figure that
out or remember it on my own!

C

I'm including the text from the 1099 to help others find this thread:

"This information is being furnished to the appropriate department of
Internal Revenue Service. The amount of interest paid or credited to
you in the calendar year shown is on an overpayment of federal tax.
This amount may represent interest on an overpayment for more than one
year, or more than one kind of tax. It may have been paid with your
tax refund or by separate check; or part or all may have been applied
against other taxes you owed. If you are required to file a tax
return, report this interest as income on your return."

You can imagine my confusion after reading that sweeping
generalization!

--
<< ------------------------------------------------------- >>
<< 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. >>
<< ------------------------------------------------------- >>
 
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chorchonga@gmail.com
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      01-14-2008, 10:54 PM
Thanks for the info! I too got a mysterious 1099 from the IRS today
in the amount of $12. Thank you for saving me a big headache trying
to figure it out!

C

--
<< ------------------------------------------------------- >>
<< 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. >>
<< ------------------------------------------------------- >>
 
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Victor Roberts
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      01-15-2008, 01:57 AM
On Mon, 14 Jan 2008 11:27:18 EST, engineer2001
<> wrote:

>I got the same form. Luckily, I found this thread, or I would have
>been calling the IRS and talking to them today. They should have
>included a note to let the umpteen million Americans who are getting
>these know that this is to give them part of their wrongly-withheld
>excise tax back. I kept all my phone statements and got back every
>cent I paid plus interest. Makes sense now.
>
>All the other posts I have read indicate that a 1099 from the IRS is
>usually for monies received from amended returns (1040X). I have
>filed no amended returns, so I was freaking out a bit.
>
>Thanks!


Plus, the normal looking EIN made me wonder if the 1099 was
from some company who forgot to print their name on the
form.

--
Vic Roberts
Replace xxx with vdr in e-mail address.

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