IRS paid me interest

[nanook 1]

Unexpected, really. In 07' I overclaimed income and I amended the return. IRS sent me notice that they owed me $3069. But when I got the check, I got 3378.77. On the bottom of the check they anotated the fact that they had paid me interest. Till today, I always thought this was a one-way street. Who else has experienced this?

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"The trouble with quotes on the internet is that you can never know if they are genuine" - Abraham Lincoln

[shropshire 0]

Our version of your IRS pays a lot of interest in me too -not always unwarranted but always unwelcome

(.)Y(.)
Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome

[nanook 1]

*cough cough* Delaware, tax haven *cough cough*

_____________________________

"The trouble with quotes on the internet is that you can never know if they are genuine" - Abraham Lincoln

[shropshire 0]

Quote

*cough cough* Delaware, tax haven *cough cough*

I'd have to swim the Rio Grande first

(.)Y(.)
Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome

[rehmwa 2]

I had that happen

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

[Amazon 7]

Quote

Unexpected, really. In 07' I overclaimed income and I amended the return. IRS sent me notice that they owed me $3069. But when I got the check, I got 3378.77. On the bottom of the check they anotated the fact that they had paid me interest. Till today, I always thought this was a one-way street. Who else has experienced this?

They did that to me as well...and paid me interest on money they held up while I had to sort a bunch of stock and stock options sales I made.

At the end of last year they sent me a Form 1099-INT so I could claim it as taxable income ... I made very SURE to add that on this years taxes.

[DrewEckhardt 0]

Quote

Unexpected, really. In 07' I overclaimed income and I amended the return. IRS sent me notice that they owed me $3069. But when I got the check, I got 3378.77. On the bottom of the check they anotated the fact that they had paid me interest. Till today, I always thought this was a one-way street. Who else has experienced this?

Happened to me last year.

Some how I managed to reduce a digit in the withholding box of a W2 form I was transcribing and pay more than I should have by check.

Months later I got a letter from the IRS indicating that they'd reviewed my tax return, found problems, and that a check with interest was included.

This year I reported interest income with the IRS as a payer.