Tax Issue — Follow-up

[ndrosen]

On Friday, June 13, after spending a long time on hold (I was able to work while this was going on), I got to talk with a pleasant, helpful lady at the IRS, who told me that I didn’t even need to pay gift tax, since I was not transferring more than twelve million dollars over the course of my life to another person. I said that the Treasury could keep the money I had paid, and I would consider it a contribution to reduce the national debt, but I did not want to pay it again, together with interest and penalties.

She gave me instructions and a mailing address. On Monday, I went to the bank, and obtained a copy of my canceled check. I wrote a letter of explanation, and enclosed the image of the canceled check with it in an envelope, which I sent to the IRS by certified mail on Wednesday.

Let’s hope that my good deed is not further punished.