DeenTheGreat officially forgives Adrien Broner for stealing money from him yesterday after he apologizes ❤️🙌
“We got something amazing going on… As a big bro, I apologize… Say it back b*tch a** n*gga.” 🤣
The IRS sent me a bill for $1,247 while holding a $1,800 overpayment.
Me: Hi, I'm calling about a notice. It says I owe $1,247 for 2023.
Agent: Yes, $1,247.38.
Me: Ok but I overpaid my 2024 taxes by $1,800 and applied it to 2025. Can't you just take what I owe out of that?
Agent: That credit is irreversibly allocated to 2025. The balance is for 2023.
Me: But the money is at the IRS.
Agent: Different years.
Me: But the same bank account.
Agent: Different systems, sir.
Me: Can't you just move it?
Agent: You'd need to reverse the election on your 2024 return and apply it to 2023.
Me: Can I do that?
Agent: No.
Me: Then why did you say that?
Agent: Hypothetically speaking. You asked what you'd need to do. But technically, no you can't.
Me: What th--- Can you at least break down what I owe?
Agent: The original balance was $214. The rest is interest and penalties.
Me: A thousand dollars in interest on $214?
Agent: 8% per annum. Plus the failure to pay penalty.
Me: So if you had just taken $214 from the $1,800 you're holding I would have saved over a thousand dollars.
Agent: That math is correct.
Me: Will my $1,800 earn interest at least? So it'd offset?
Agent: It doesn't work like that. The IRS is not a bank.
Me: Can I at least deduct that interest?
Agent: No sir, that's non-deductible.
Me: So then the interest I receive from the IRS? Not taxab---
Agent: Still taxable.
Me: You're right. That's way worse than a bank.
Agent: Is there anything else I can help you with today?