Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

IRS Loses Checks

Posted by taxguru on September 17, 2005

TaxProf blogger Paul Caron also has secret news sources inside the IRS.  He received this notice from an IRS employee that a courier transporting 30,000 payments for individual income tax estimates (1040–ES) across the San Mateo Bridge had an accident last Sunday that sent them into the San Francisco Bay. 

Since this happened on September 11, these were most likely for third quarter 2005 payments, which were due on 9/15.  Assuming there was no recovery effort, it will be impossible to know whose payments those were.  Anyone who did send a payment to the San Francisco IRS address should check their bank account closely to see if it clears in the next month or so.  If it hasn’t cleared by then, you should call the IRS (1–800–829–1040) to verify that the payment is not in process.  You should then send in a replacement check so that you are not underpaid when you file your 2005 1040.  Because this is the IRS’s fault, I would date the replacement check the same as the original check and use that date when entering info for Form 2210 (Underpayment of Estimated Tax) so that you don’t incur a penalty for this. 

I did several searches on Google News and several Bay Area newspaper sites to see if there was any mention of this accident. Nothing.


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