FIL casually dropped a bomb in a wholly unrelated conversation today.

Seems he got a letter back in December from his bank. The IRS had taken the last $0.40 from his checking account (that's right - forty cents).

Darling Wife asked for some details, and he somehow managed to find the letter.

Seems the IRS had placed a levy against his accounts. Just so happens his balance at the time the levy came through his account balance was in fact $0.40, so the bank did what they had to and sent the funds on to the IRS.

Timing and all that - he'd pulled the balance down to $0.40 the day before in his bi-weekly post-church 5 Guys visit. His SSI check hit the day after. No IRS activity since then.

Not yet anyway. Why is the IRS after him? Seems he didn't bother to file returns in 2006 or 2007 and they're interested in recouping the $18K they feel they're owed (taxes and penalties).

Oh goodie. No doubt this'll be fun.

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1961 220b: first project car - sold.
2000 CLK 430: first modern Benz - sold.
2001 CLK 55: OMG the torque!!! - sold
1972 280SE 4.5: Baby Gustav
1991 300TE 4Matic: Gretel the Snow Bunny - sold
1978 300SD: Katz the Free Man - given away
1980 Redhead: Darling Wife