I checked on my 2010 tax return today. It was accepted electronically on Feb 12, 2011. After a long hold the service agent told me that it had been held up due to an "Offer in Compromise" That was settled in 1997. In 1998, 99, 2000, and 2001, i had to caLL and talk to an IRS specialist to get my refund released. Now it comes up this many years later. HOW? I told the service agent that someone should be fired for that. 10 years later and they bring up somehthing it took me four years to close,10 years ago.
I pay more in deductions than my tax obligation because with a salaried job and paycheck, I had rather have it on hand in the IRS's hands than have to come up with it on April 15. The interest that I lose is insignificant in todays checking account, CD, or any other interest bearing security. It protects me, not them.
ear