Personal Finance and Investing

A HERETIC I AM

(24,743 posts) Fri Feb 15, 2019, 08:31 PM Feb 2019

I got my refund already! [View all]

I was really surprised. I used TurboTax and the guesstimate for refund delivery was 2/22. I filed on the 1st, the day my W-2 came in the mail and damn if it wasn't about a week later the refund hit my checking account!

And now the silly part!

A couple days after I filed I get a 1099 INT from my bank.

I have a savings account like most I suppose, and like most, the interest rate is diddly - .01% or something. Since I don't carry a huge balance in there, I was expecting maybe a buck or so in interest over the course of the year...peanuts...

Frickin Regions Bank gave me $65 last May or so as a "Savers Bonus" or something! HOLY SHIT!

Well, since it's over ten bucks, I'll owe about $16 on that massive windfall.

So now I have to do an amended return and send in a check for about $16!!

Maybe I should send a hammer to the Pentagon, tell them it's worth $400 and just keep the change!!

41 replies

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I got my refund already! [View all] A HERETIC I AM Feb 2019 OP

Similar things happened to me, so now at140 Feb 2019 #1

Yeah...there are some securities that take their damned sweet time in getting you a 1099. A HERETIC I AM Feb 2019 #3

My experience at IRS (late 80s) was that if under $400, they didn't bother.... lastlib Feb 2019 #21

Can you claim that as a gift rather than income? nt Snotcicles Feb 2019 #2

The bank sent a 1099-INT.... A HERETIC I AM Feb 2019 #4

Hey Buzz, I've been retired for a few now. Did some CDL instruction right after I hung that bar up. Snotcicles Feb 2019 #13

I'm gonna have to work till I drop dead!! A HERETIC I AM Feb 2019 #14

Do be very aware that if you start collecting SS before your full retirement age, PoindexterOglethorpe Feb 2019 #24

There's a couple problems with that scenario.... A HERETIC I AM Feb 2019 #25

I'm under the impression that COPD never gets better. PoindexterOglethorpe Feb 2019 #38

Thanks. A HERETIC I AM Feb 2019 #39

I am very glad to learn that, despite my ignorant misinformation, PoindexterOglethorpe Feb 2019 #40

I don't look at your submissions to this thread as at all ignorant. A HERETIC I AM Feb 2019 #41

You can probably forget it.They won't audit you for $16.00. brush Feb 2019 #5

No audit, but they will send a letter in mail at140 Feb 2019 #6

They're under staffed, over worked and behind because... brush Feb 2019 #10

No manual response required from IRS at140 Feb 2019 #11

Famous last words! LOL A HERETIC I AM Feb 2019 #7

Your tax software can spit out a 1099-X with ease. at140 Feb 2019 #12

Yup. The Turbotax home page has a link for it.... A HERETIC I AM Feb 2019 #15

Sorry, yes 1040-X.....nt at140 Feb 2019 #16

What the hell? Didn't you get your big ass refund??? marble falls Feb 2019 #8

Actually, this year was a little bigger than last, for some reason. A HERETIC I AM Feb 2019 #9

Late 80s, I worked in the cash unit at IRS service center. lastlib Feb 2019 #17

Kind of funny that actually happened! A HERETIC I AM Feb 2019 #18

I understood it was quite lively there. lastlib Feb 2019 #19

LOL! A HERETIC I AM Feb 2019 #20

Cash rinopa Feb 2019 #22

But they don't like hammers, toilet seats--or pennies. lastlib Feb 2019 #23

And there's the state that would need amended. mobeau69 Feb 2019 #26

Luckily, I'm in Florida.... A HERETIC I AM Feb 2019 #28

$1005 Reported on 1099 as "Other Income" by Chase Bank Indykatie Feb 2019 #27

Holy crap! A HERETIC I AM Feb 2019 #29

The points you earn on purchases aren't taxable yet. mobeau69 Feb 2019 #31

Interesting. A HERETIC I AM Feb 2019 #33

Elizabeth Warren and her replacement guy from Ohio at the CFPB were cleaning up the CC industry but mobeau69 Feb 2019 #34

How did my post above's subject line drop down to an additional line? I never noticed this before. mobeau69 Feb 2019 #35

This message was self-deleted by its author A HERETIC I AM Feb 2019 #37

Ahhh! Kentucky Jelly! A HERETIC I AM Feb 2019 #36

Do you know for certain that you owe additional taxes. The reason I ask is because you may not owe politicaljunkie41910 Feb 2019 #30

Short answer is no, I don't. A HERETIC I AM Feb 2019 #32