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.


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.


Thanks to VB for feeding the true life experience.

* * * * *
Follow on Twitter @KenHoma                         >> Latest Posts

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s