Received a letter from the IRS yesterday, a form CP2000 Under Reporters adjustment. I was shocked to read they made an adjustment to our 2013 return and that we owed $30,000. Now this isn't the first one I've received over the years, there have been two others, one for $50 and one for $130 for which I just wrote an check and moved on.
When I saw the $30k I have to admit I nearly vomited. There was no way we could possibly owe that much, we don't make enough to owe $30k but it is still a scary feeling. I couldn't even collect myself at the mailbox to finish reading the notice. I went by the safe grabbed the 2013 taxes and found the wife. She said I was white as a ghost.
After making it through the notice turns out the wife worked a couple weeks for a company who paid her via a 1099, $880.10. The IRS is proposing that it was $88,010.00.
I can only imagine how much fun it will be getting their error corrected.