Estimated Tax Payments Fall Into The San Francisco Bay
A highway accident caused some 30,000 quarterly estimated tax payments
to the IRS to be dumped into the San Francisco Bay. A truck carrying
about 45,000 forms and tax payments overturned on the San Mateo Bridge
(September 11). The IRS said that the checks, due September 15, were
being transported from a post office to an IRS lockbox.
IRS spokesperson John Lipold said the IRS will issue a formal statement
once its investigation is complete. The agency will waive all interest
and penalties for taxpayers who discover that their payments failed to
be credited. Lipold noted that "we're going to work with people on good faith."
Payments from the following states were affected: Alaska, Arizona,
California, Hawaii, Idaho, Montana, Nevada, Ohio, Oregon, Virginia,
Utah, Washington and Wyoming.