TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Wednesday, April 19, 2017

The IRS Will Issue Tax Refunds This Year In Forever Stamps Rather Than Cash

Forever 2The Onion, IRS Announces Refunds Will Come In Form Of Forever Stamps This Year:

Stating that the policy change represented the kind of reform taxpayers have long demanded, the IRS announced Tuesday that all refunds for the 2016 fiscal year will be disbursed in the form of Forever stamps. “Persons anticipating a refund will receive a ream of Forever stamps equal to the expected amount within six to eight weeks of filing their taxes,” said IRS commissioner John Koskinen, explaining that someone with a $500 tax refund, for example, will receive an envelope containing 1,020 stamps, or roughly 51 booklets of the 49-cent postage.

“We’re very excited about this change, and we think the public will be equally enthusiastic about getting a refund they can use immediately to mail a variety of items without having to bother with the extra step of purchasing stamps with cash.” Koskinen added that while a refund denominated in Forever stamps was not optional, taxpayers were free to choose among American flag, classic car, and Woodstock themes.

http://taxprof.typepad.com/taxprof_blog/2017/04/the-irs-will-issue-tax-refunds-this-year-in-forever-stamps-rather-than-cash.html

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Comments

Can we pay in stamps too?

Posted by: Bob Katt | Apr 19, 2017 10:34:04 AM

Please tell us this is a joke.

Posted by: Chance | Apr 19, 2017 11:59:16 AM

Yeah OK this is a joke

Posted by: Eric bognetti | Apr 19, 2017 12:21:58 PM

Uh. Those stamps are only worth $0.47 apiece. Is the Onion lost in a time warp?

Posted by: Kneave Riggall | Apr 19, 2017 5:46:53 PM

Why not Green Stamps?

Posted by: John Gunn | Apr 20, 2017 7:37:06 AM