Who to trust: TurboTax or Revenooers?

From the “you can’t make this stuff up” file …

Last year a fried filed his NJ income tax return using Turbo Tax,

Based on the TurboTax calculations, he filed for a refund of $2,582.

A few weeks later, the State sent him a refund check for $3,556.

Not quite Power Ball, but a nice surprise.

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Now, a few months later, the story takes an odd twist …

 

Last week, my friend received a payment due notice for, you guessed it, the difference between what Turbo Tax calculated and the refund issued by NJ, plus $50.04 interest (about 4.3%) on the excess refund.

Said differently, NJ gave my friend an unsolicited $1,000 loan … and charged him a fairly steep interest rate for it …. even though it was their mistake.

As I said, you can’t make this stuff up.

And, think about it … ObamaCare is going to be enforced by the IRS and its cousins in the state revenue offices.

Heaven help us.

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Thanks to VB for feeding the true life experience.

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