Tuesday, March 25, 2008

The IRS doesn't just make money, it spends it

You probably saw some of this coverage, about how the IRS spent $42 million to send letters to folks about their coming economic stimulus checks.

But that's not the best part. I got my letter this weekend, and it ends with this paragraph:
All individuals receiving payments will receive a notice and additional information shortly before the payment is made. In the meantime, for additional information, please visit the IRS website at www.irs.gov.

So we sent out a letter to let you know you'll get a letter to let you know you're getting a check. Awesome.

Can I assume that the second round of letters will also cost taxpayers about $42 million?

Seniors and some veterans, who often do not have to file a tax return, are going to get a separate letter. In discussing this whole situation with an IRS spokesman, he mentioned that there have already been some scams with people calling senior citizens and fishing for bank account information so they could allegedly deposit the stimulus payment.

Of course, my version of the $42 million letter made no mention of this. Perhaps the next $42 million letter will.

At any rate, it might be a good idea to call your grandmother and make sure she knows not to give out any personal financial information over the phone. All she has to do is file a tax return to get the stimulus check.

1 comment:

Brian said...

I got my letter last week too. Unbelievable. I guess they are just trying to match the approximately $150 billion stimulus plan with wasteful spending on letters and follow-up letters. After the next round of letters go out they should be close to halfway there! Awesome.