I have a related problem. I too filed a Form 8888 I Bond Purchase of $5,000. My total return credit was $7,200. I chose to get the $5,000 refund to pay for the I Bond and the rest I chose to roll it over until the next year.
Instead I get a letter from the IRS stating the Direct Deposit of $5,000 on Form 8888 does NOT match the refund amount. Therefore the I Bond Purchase was disallowed.
Today I got a check for $5,183. Now get this THE REASON THE REFUND OF $5,000 DID NOT MATCH FORM 8888 WAS BECAUSE THE IRS ADDED INTEREST DUE TO THEIR DELAYING PROCESSING MY ACCOUNT. Instead of adding the interest of $183 to the rollover amount, they added it the refund amount. So the I BOND request gets rejected because the numbers do not match. The IRS botched it up, not me. So here I am out of an I Bond due to the IRS delaying processing my return.
That is simply crazy, incompetence at its worst. What do I do now?
