...And I don't think I actually owed anything that year, so it wasn't a case of having to send the money in on time.
I did get interest FROM the IRS once. They sent me a bill for unpaid tax on earnings from the sale of some stock, but it was actually a same-day exercise and dump of employee stock options that had already been figured in my W2 for that year as regular income. So I pushed back, and the upshot of the whole thing was that they scrutinized my return some more and said I had overpaid on something completely unrelated, so I got some money back from them with interest. Which, yes, I did have to pay tax on the following year.
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Date: 2008-04-16 03:44 am (UTC)I did get interest FROM the IRS once. They sent me a bill for unpaid tax on earnings from the sale of some stock, but it was actually a same-day exercise and dump of employee stock options that had already been figured in my W2 for that year as regular income. So I pushed back, and the upshot of the whole thing was that they scrutinized my return some more and said I had overpaid on something completely unrelated, so I got some money back from them with interest. Which, yes, I did have to pay tax on the following year.