Here's my story: big income in 2004, earned 41K refund from IRS: Taxes withheld from my payment. Idid not file taxes and left overpayment with IRS.
2005: much lower income due to new job. Did not file taxes or make payments. 2006: average income, filed taxes and made payment on time in early 2007. 2007: finally filed for 2004 (41K refund) and for 2005 (owed $11K) PROBLEM: IRS is hitting me up for almost 5K in penalties and interest for late payment in 2005. I point out they had $41K of my money throughout 2004 - 2007 which I did not take out, so no interest can possibly be due. They say 2004 and 2005 are treated separately at IRS, and my overpayment and credit with them mean nothing for 2005. Any ideas on how / who to go to at IRS to get my interst and/or interest for 2005 waived? Doesn't seem fair to me. Thanks! JayJerry
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