New Money New Problems Podcast
New Money New Problems Podcast
... I Just Lost $33,709
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How I Accidentally Double-Paid the IRS $33,709—and Covered the Cash Crunch
In this episode, Brenton recounts misplacing $33,709 after accidentally paying his 2025 taxes twice: he walks through how to make IRS payments and check refund status, noting refunds may take 21+ days and planning for up to 90 days. He describes telling his wife and their strained cash position due to her nine-month unemployment and higher expenses. He evaluates liquidity options (brokerage sale taxes, retirement penalties, Roth contributions limits, credit strategies, life insurance withdrawals/loans, securities-backed LOC minimums) and walks through the option he chose and why it was most appropriate.
01:47 Overdraft Shock
02:25 Tax Planning Routine
04:57 Double Payment Mistake
05:49 IRS Payment Walkthrough
08:58 Ad Break
10:07 Telling My Wife
11:14 Refund Timeline Check
13:09 Emergency Fund Reality
15:31 Where To Pull Cash
17:38 Credit Card Strategy
22:18 Leverage Options Review
29:20 Lessons And Wrap Up