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Airlines news

Monday, July 29, 2013

Finance - HL 176 (1)


From: Dick Deeds

Date: 7/25/2013 11:13:41 PM


Subject: Fwd: IRS and Bankruptcy Award

 

Hi Dick,

Yesterday I received a Notice of Proposed Changes to my Form 2011.

It said I had an additional amount due of $484 including$19 interest.

The source of this "discovery" was a 1099B they received from Delta for for securities that I did not report.

This had to do with our last payment of the bankruptcy award from Delta.   My award was for $4,836, but by the time Delta deducted 

$1,858 including $1,254 Federal Tax, I only received $3,012.99 for the Delta New Common.   So Delta deducted all those taxes and then sent the IRS a 1099B as though the $3,012.99 was pre tax money.

I tell you this because I am afraid some of our "more senior" retirees might receive a similar notice and be intimidated into paying the amount these crooks are demanding.   I'll go to prison first !

Please pass the word.   Thanks.

Paul B 


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