Comments on: Earned Income Tax Credit mistake

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Wed, 15 Jul 2009 03:34:05 +0000

[...] Earned Income Tax Credit mistake [...]

By: TheWit

TheWit — Wed, 15 Jul 2009 01:06:08 +0000

As they say honesty is always the best policy. I’ve had several arguments in the past with the taxman regarding how some rules should be applied, and while I still think I was legally correct, those episodes made me think:- did I exploit unintentional loopholes just to save a couple of dollars at the expense of the state (which arguably collects the money to provide benefits to society as a whole)? When in doubt, err on the side of generosity!

By: Gina

Gina — Tue, 14 Jul 2009 16:39:43 +0000

Michelle is right … thanks for keeping it real. We appreciate your honestly. It had to be tough to write this post. I hope you feel better having ‘come clean’. And thanks for the lesson too!

By: Michelle H.

Michelle H. — Tue, 14 Jul 2009 15:44:43 +0000

Our tax preparer made a mistake on our taxes one year similar to this. He recorded our mileage wrong which then it made our income over the EIC limit. We had to pay it all back! Luckily we still had it in a savings account. It’s no fun being audited. The number one response we got from family/friends was “Oh no, I hope they don’t audit us for____________.” ha!
Thanks for keeping it real!