Some Quarterly Tax Payments from 13 States Lost in Traffic Accident

An estimated 30,000 tax payments mailed to the Internal Revenue Service (IRS) post office box in San Francisco have been lost in a traffic accident. The payments were mailed between September 1 and September 11, 2005.


Click HereRegister today for the "Catapulting Finance to Boost Corporate Value" Webcast to be held on Thursday, October 13th, at 2 p.m. ET. Listen to a customer panel discuss how using Microsoft® FRx® and Microsoft Forecaster for their financial reporting, budgeting and planning have propelled their financial management and boosted their corporate value.

FRx Software Home Product Information
Training & Consulting Product Demo
FRx Express Customer Testimonial Video

The situation potentially affects 13 states according to an IRS statement. According to the IRS most of the documents involved were Form 1040-ES quarterly tax payments from
  • Alaska
  • Arizona
  • California
  • Hawaii
  • Idaho
  • Montana
  • Nevada
  • Ohio
  • Oregon
  • Utah
  • Virginia
  • Washington
  • Wyoming and
  • anyone who mailed a IRS tax payment to the IRS San Francisco Post Office Box

The traffic accident occurred in the early morning hours of September 11. A contract courier en route from the post office to a check-processing facility in Hayward, California was involved in a traffic accident that resulted in an estimated 30,000 of the 45,000 tax payments the vehicle was carrying being ejected into the San Francisco Bay. The payments are non-recoverable.

The IRS encourages taxpayers who believe they may have been affected by this incident to wait until September 30 before contacting the IRS. This will allow checks that were received to be processed and to clear the banking system. After September 30, taxpayers whose checks have not cleared their bank should contact the IRS using the toll-free taxpayer assistance line at 1-800-829-1040 to receive instructions regarding how and where to send a replacement check. The IRS will waive interest ad penalties for affected taxpayers.

In addition the IRS intends to send a notice to taxpayers who previously mailed estimated tax payments to the San Francisco post office box and have potentially been affected by the incident. The notice will include specific instructions for send a replacement check if necessary. Taxpayers will have 30 days from the date of notification to send a replacement check.

According to the IRS statement, the Hayward check-processing facility processes approximately 2 million payments during September. The loss from this incident represents less than 2 percent of the total payments processed this month by the facility.

You may like these other stories...

Truckers and other owners of heavy highway vehicles take note: Your next federal highway use tax return is due on September 2.The September 2 due date, which was pushed back two days because the normal August 31 deadline...
The head of the IRS has a message for taxpayers and tax preparers who have endured long wait times while on the phone with the tax agency: Call your member of Congress.During his keynote speech at the 69th Annual Meeting of...
Regulators struggle with conflicts in credit ratings and auditsThe Public Company Accounting Oversight Board (PCAOB), which was created by the Sarbanes-Oxley Act in 2002, released its third annual report on audits of...

Already a member? log in here.

Upcoming CPE Webinars

Aug 26
This webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.