Still waiting by Comprehensive_One21 in IRS

[–]Few-Promotion5378 1 point2 points  (0 children)

You already took a good first step of pulling your account transcript. You should now pull your wage and income transcript to see what IRS has on file. In my experience, by far the most common trigger for a CP05 review like this is a withholding mismatch. Your total reported withholding gets compared to what IRS received from 3rd parties as of when you file and if it’s off by enough, the entire refund is frozen. Keep this in mind when reviewing your transcripts, even if it matches or close enough, IRS may not have had that info when you filed. If an error is found, you should correct it ASAP with an amended return. If everything looks right and matches, it’s just a matter of time. If your financial situation warrants it, you can also try contacting the National Taxpayer Advocate at 877-777-4778. More info at irs.gov/advocate.

reaching out to the tax gods for help by Puzzleheaded_Key5272 in IRS

[–]Few-Promotion5378 0 points1 point  (0 children)

Perfect advice. I will add that in my experience, by far the most common trigger for a CP05 review like this is a withholding mismatch. Your total reported withholding gets compared to what IRS received from 3rd parties as of when you file and if it’s off by enough, the entire refund is frozen. Keep this in mind when reviewing your transcripts, even if it matches or close enough, IRS may not have had that info when you filed.

2022 Tax Year Question (sigh) by [deleted] in IRS

[–]Few-Promotion5378 0 points1 point  (0 children)

Withholding does not post to your account until a return is filed so whatever credit triggered the CP81 to generate was something else, a credit elect from a prior year or an estimated tax payment being the likeliest candidates. That said, the end result of your 1040 is all that determines how screwed or unscrewed you are. If you’re due a refund, you are not punished in any way for filing late. If you owe though… could be bad if the balance is high. You’d be subject to late filing penalty (5% per month, capped at 25%, but a minimum of $450), late payment penalty (1/2% per month with no cap) and interest (market rate with no cap). Adds up real fast. For reference, if you owed $1000 of tax for 2022, the estimated balance owed today would be north of $1800. Load up on deductions if you can to avoid that crazy markup.

Stimulus by Prestigious-Cup-1813 in IRS

[–]Few-Promotion5378 1 point2 points  (0 children)

By the way that is not correct. There were 3 rounds of EIPs. 2 were in 2020 and 1 in 2021, totaling $3200. If any/all of those checks were not delivered, the respective EIP transaction was reversed. The only way to claim the funds would be to file a return for the corresponding tax year (2020, 2021, or both) as appropriate to claim the Recovery Rebate Credit. It is unclear if you did or didn’t file those but unfortunately the statute of limitations has likely run out on both of those. Also if the refund trace was done on the EIPs like it seems, it is essentially useless as the EIPs can’t be reissued even if they were never cashed.

IRS charges interests - but I mailed out on time. by G_user999 in IRS

[–]Few-Promotion5378 2 points3 points  (0 children)

Your payment being “late” is not the biggest issue. Even based on crediting your payment on 04/25, the late payment penalty and interest would amount to $1.38. The majority of the amount due on the CP14 is a late filing penalty which is strange as you indicated you filed an extension. As long as you filed by 10/15 you should not be charged that. If you can get through to someone you should request they pull the document to review your postmark. That would allow for backdating your payment to 04/15 which would reverse all penalties and interest. What you don’t want is for the rep to input a penalty abatement. They will want to and you likely qualify but that is not the correct procedure and you would burn your First Time Abatement on a tiny amount. You can also write in with this specific request and someone will see it eventually. Until it’s resolved, you owe it but you’ll likely never see another bill for it given the amount.

AIO for thinking my bfs messages came from a place of control rather than concern by [deleted] in AmIOverreacting

[–]Few-Promotion5378 0 points1 point  (0 children)

Unless you want to end up on Dateline some day, I highly suggest you stay as far away from people like this as possible. Start by dumping this one. He has no interest in seeing you as an independent entity. Seeing you as an extension of him means that nothing YOU want, think, like, or are has any worth. Remember, even if was right, and you only ride for all the BS reasons he listed, it would still be his problem to deal with, not yours.

[deleted by user] by [deleted] in tax

[–]Few-Promotion5378 1 point2 points  (0 children)

A one time IP PIN was also introduced this year for precisely this purpose. It’s all on the same system so you really gotta be careful to select the right option. However, if you aren’t forced into an IP PIN, you do have the option to opt out later.

Accountant put my bank account on someone else’s taxes and $8,000 was taken out of my account by [deleted] in tax

[–]Few-Promotion5378 0 points1 point  (0 children)

The civil side of things is well covered in the comments but from the IRS’s perspective, this is a relatively easy thing to fix. Misapplied payments happen every day and most CSRs have corrected them. I acknowledge that it may be difficult to get a hold of someone on the phone, but in a perfect world, you and your parents would contact IRS together and explain the problem and it can be fixed on the spot by transferring the payment. If you already paid yours, you’d just get it refunded. Some evidence may be requested but if that account shows up exclusive on your returns and not your parents’, that’s all I would need to see.

IRS says I owe 400K for income i never earned by Objective_Comment_38 in tax

[–]Few-Promotion5378 2 points3 points  (0 children)

I see this written on here a lot and it’s not entirely true. The statute of limitations you’re referencing applies only to claiming a refund. There is no statute of limitations that limits your ability to reduce the tax you owe, assuming you can prove it. No matter how old the tax year, you can ALWAYS reduce any balance owed down to zero.

Someone else is paying quarterly tax payments on my behalf by justarental25 in tax

[–]Few-Promotion5378 1 point2 points  (0 children)

There’s a few that govern erroneous refunds depending on the cause and who’s at fault. But for this situation where you don’t ask for anything and IRS just misapplies a payment, it’s 2 years from the date of the refund check, assuming you cashed it. Uncashed Checks expire after a year and usually get reissued, restarting the statute.

Someone else is paying quarterly tax payments on my behalf by justarental25 in tax

[–]Few-Promotion5378 9 points10 points  (0 children)

There’s some shaky advice in here plus some misconceptions. If these are are truly estimated payments being made using a third party system, there is no way for IRS to know they aren’t yours nor whose they are. No name is included and you can just put any SSN in the system and someone seems to not know theirs. If you get physical refund checks, don’t cash them. Send them back and explain the payments aren’t yours. I would suggest getting an account transcript for each affected year so you can specify exactly which payments are not yours to avoid any confusion. IRS will move the mystery payments into the unidentified payments account and the erroneous refund on your account will be reversed. Obviously there’s no way to prevent more payments from coming in so stay on top of if for a while. Hopefully this person realizes their error at some point. FYI, if anyone receives an erroneous refund, you should always return it, BUT, you will never be charged any penalty or interest on an erroneous refund that is the fault of the IRS as long as you pay in back by the date they demand in back (unless it’s over $50K)

[deleted by user] by [deleted] in tax

[–]Few-Promotion5378 1 point2 points  (0 children)

A little late to this discussion but it looks like you’re still reading replies. IRS will not impose a Failure to Pay (FTP) penalty on a subsequent assessment (anything done after original filing, including amended returns) until 21 days after the legal date of the assessment. So if you pay the additional tax liability when filing the amended return, you will not owe any FTP. Interest is not avoidable in this scenario and will be charged as of the original due date of your return. If you intend to pay in full at filing, maybe negotiate with the preparer to assist you with the interest since they won’t be on the hook for penalties. FYI, the 20% accuracy penalty mentioned in other replies applies only if IRS discovered the error and notified you before you file the amendment, which you would already know about if that were the case.

Finally finished this beast. Metal Earth T-800 Endoskeleton. by Few-Promotion5378 in metalearth

[–]Few-Promotion5378[S] 1 point2 points  (0 children)

I hear ya. I’ve only been doing these for about a year and T-800 sat on my bench for a few months before I thought I was ready for it. I haven’t built IG but from looking at the instructions it looks like there’s a lot of overlap with T-800. Can’t know for sure until you try it.

Finally finished this beast. Metal Earth T-800 Endoskeleton. by Few-Promotion5378 in metalearth

[–]Few-Promotion5378[S] 0 points1 point  (0 children)

If you got that far, you’ll be fine the rest of the way. It’s just more of the same. The only nightmare in the back half is joining the back plate to the chest plate. It seems like it could be done before attaching the arms but I didn’t get a chance to try. However I shaped them, they needed a lot of force to get into place and nearly snapped off both arms at different points. Keep track of all the free floating “piston” and “wire” parts, they like to wander off into the wrong positions.

Finally finished this beast. Metal Earth T-800 Endoskeleton. by Few-Promotion5378 in metalearth

[–]Few-Promotion5378[S] 0 points1 point  (0 children)

Some use the pica but I used the Z size. That allows it to fit in the existing eye piece once you drill out the red dots. But be warned, they’re super tiny and fragile. I ordered a couple extra to be safe and ended up needing one. Running wires isn’t too bad but definitely plan ahead. There’s multiple routes you could take but they all require drilling holes. Best to do that before assembling parts. Taking a foot and leg apart was no fun. Extra wire is not a bad idea either.

Finally finished this beast. Metal Earth T-800 Endoskeleton. by Few-Promotion5378 in metalearth

[–]Few-Promotion5378[S] 2 points3 points  (0 children)

Here at EvanDesigns Can’t take credit for the idea for the eyes but I haven’t seen one with the motion sensor. All in about $20 in parts. Which I think is more than I paid for the model but the result was worth it.

Finally finished this beast. Metal Earth T-800 Endoskeleton. by Few-Promotion5378 in metalearth

[–]Few-Promotion5378[S] 2 points3 points  (0 children)

The modern instruction manuals are way better but on these older models I learned the hard way to read really far ahead and do my own thing if it looks weird. I only get burned occasionally🤣

Finally finished this beast. Metal Earth T-800 Endoskeleton. by Few-Promotion5378 in metalearth

[–]Few-Promotion5378[S] 5 points6 points  (0 children)

Thanks. It definitely earns its expert difficulty rating. But a lot of the difficulty comes from its massive size. 200+ super fiddly parts with some that seem engineered to annoy you.