IRS Admits Losing Checks
People often accuse me of being overly critical of IRS when I say they are slow to release information. How else would you describe the fact that they have just now admitted to losing 30,000 estimated tax payments into San Francisco Bay, after TaxProf Paul Caron reported this event a week ago, and I added my comments later that same day? It’s just one more example that IRS isn’t the quickest source of info.
IRS’s official advice for those folks whose checks may have been lost:
After Sept. 30, a taxpayer whose check has not cleared his or her bank should contact the IRS on its toll-free taxpayer assistance line at 1-800-829-1040. Taxpayers who contact the IRS will receive instructions regarding how and where to send a replacement check. The IRS will waive interest and penalties for affected taxpayers.