(no subject)

[vicarz]

Normally I'd rant about getting the government out of my life...maybe I'll save the inane stuff for facebook.

But I just checked the mail and got an audit-type notice from the IRS. They agreed with my computations for income and totals after taking out deductions, but disagreed with my tax computation. They think I owe $500 less.

I took their figures, same as my own, and returned to the tax table (which this year I can do due to not selling taxable stocks for a change).
My figures appear right. Their figures appear wrong, and unsupportable by any tax table or computation of which I am aware (their tax includes 5¢, seemingly not from a tax table).

I'm not going to argue but I think America just gave me a free $500.
I blame my liberal posts and Obama's socialist agenda?

Comments

[pictsy.livejournal.com]

Yes, if you got any 1099-DIVs you probably need to use the worksheet to figure your tax. See the instructions for Form 1040 Line 44, and the Qualified Dividends and Capital Gain Tax Worksheet.

[vicar.livejournal.com]

Thanks and sorry this is a late thanks - inexplicably this email-comment notice got stuck in my spam folder :(

GOT IT!
Ok, I didn't have to file schedule D so I thought I was done, skipping right over the fact I had dividends taxed at a different rate if I used the worksheet as noted.

I re-ran my numbers and came within a dime of the Fed's tax computation.

I will contribute that dime to the cup of coffee I would treat you to fund - except you'll never collect most likely. So also thank you!

[pictsy.livejournal.com]

Oh cool!