Form 1099 from IRS ?

Discussion in 'Tax' started by Victor Roberts, Jan 11, 2008.

  1. 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?

    --
    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. >>
    << ------------------------------------------------------- >>
     
    Victor Roberts, Jan 11, 2008
    #1
    1. Advertisements

  2. Victor Roberts

    Condor Guest

    >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

    --
    << ------------------------------------------------------- >>
    << 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. >>
    << ------------------------------------------------------- >>
     
    Condor, Jan 11, 2008
    #2
    1. Advertisements

  3. Victor Roberts

    Ernie Klein Guest

    In article <>,
    "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-

    --
    << ------------------------------------------------------- >>
    << 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. >>
    << ------------------------------------------------------- >>
     
    Ernie Klein, Jan 11, 2008
    #3
  4. Ernie Klein wrote:
    > In article <>,
    > "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

    --
    << ------------------------------------------------------- >>
    << 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. >>
    << ------------------------------------------------------- >>
     
    Harlan Lunsford, Jan 11, 2008
    #4
  5. 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.

    --
    << ------------------------------------------------------- >>
    << 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. >>
    << ------------------------------------------------------- >>
     
    Victor Roberts, Jan 12, 2008
    #5
  6. Victor Roberts

    engineer2001 Guest

    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. >>
    << ------------------------------------------------------- >>
     
    engineer2001, Jan 14, 2008
    #6
  7. Victor Roberts

    Guest

    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. >>
    << ------------------------------------------------------- >>
     
    , Jan 14, 2008
    #7
  8. Victor Roberts

    Guest

    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. >>
    << ------------------------------------------------------- >>
     
    , Jan 14, 2008
    #8
  9. 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. >>
    << ------------------------------------------------------- >>
     
    Victor Roberts, Jan 15, 2008
    #9
    1. Advertisements

Want to reply to this thread or ask your own question?

It takes just 2 minutes to sign up (and it's free!). Just click the sign up button to choose a username and then you can ask your own questions on the forum.
Similar Threads
  1. btat3808
    Replies:
    11
    Views:
    499
  2. Arnold N.

    IRS 1099 Form

    Arnold N., Feb 1, 2006, in forum: Microsoft Accounting
    Replies:
    3
    Views:
    605
    Ken Smith
    Feb 2, 2006
  3. K D

    IRS FORM 1099

    K D, Apr 10, 2005, in forum: Bankruptcy
    Replies:
    1
    Views:
    337
    Howard Goldstein
    Apr 10, 2005
  4. WorkinMan
    Replies:
    1
    Views:
    226
    Bob Sandler
    Feb 19, 2013
  5. Replies:
    1
    Views:
    219
Loading...

Share This Page