"lurker" <clackey3[at]rnc3.com> wrote:

- quote -

Wait for the notice of what was changed. The FMS issues the
refund; IRS issues the notice about 1-2 weeks later.

--
Phil Marti
Clarksburg, MD

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- quote -

You will receive a letter in the next week or two which will
explain the cause of the increased refund, be very careful
to review your copy of the return you filed with the data in
the letter.

Do not spend the extra bucks until:

You verify that you made an error & agree with the change,
amend your state return.

--or--

If your review reveals a possible IRS transcription error
(this happens with paper filed returns) Write a letter
disagreeing with the proposed changes, include a copy of the
return clearly marked "duplicate do not process", this will
allow the TE to quickly see the potential transcription
errors, the change will be reversed, you will need to pay
the balance of tax due.

If you like write a check for the excess refund proceeds and
include it with the letter and copy of tax return on or
before 4/15, this will eliminate the interest & penalty that
could accrue (after 4/15) if the error is corrected in favor
of the US Treasury (IRS).

If this turns out, due to the data sharing agreements,
erroneous data might get through to the state before it's
corrected, causing either an automatic adjustment, or no
action until you file a amended return.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

How embarrassing!

I have been using various tax programs ever since my first
PC in 1992. Before that, manually doing my taxes since 1958.
How in the world did I make a mistake like this, and what
is it?

My Direct Deposit Federal Refund just arrived, and is $766
_more_ than the tax program showed.

Here is the new problem...
My NC State Income tax is based on the Federal 1040 Line 36
(AGI). Now that I know the refund is different from what I
sent in, I guess one of two things was changed:

1. AGI
2. Tax credits (withholding)

What's even more disturbing, I do tax forecasting every year
on a Spread sheet so as to get my withholding close,
intending to owe a small amount at the end. The tax program
and my spread sheet were incredibly close in agreement.

How do I find out what was changed?

How do I deal with the electronically filed NC State return?

My tax return involves:

Six 1099-R's (Pension and 401K/IRA movement, disbursement,
and Roth Rollover)

one 1099-G (unemployment)

Joint with Std Deductions

One seller Finance Mortgage capital gains

What's my next move?

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