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  #8  
Old 04-01-2005, 08:44 AM
pjhartman@gmail.com
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Default Re: Will IRS refund if I over pay?

If the IRS' calculations show that you overpaid, then yes,
they'll send you the difference.

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  #7  
Old 04-01-2005, 08:44 AM
Rick Merrill
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Default Re: Will IRS refund if I over pay?

Brett wrote:

- quote -

> I do my own taxes using Turbo Tax. If for some reason I
> make a mistake and overpay my taxes, will the IRS catch this
> and refund me?


That depends: did you calculate one number and make the
check for another number?

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  #6  
Old 04-01-2005, 08:44 AM
Dave Filpus
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Default Re: Will IRS refund if I over pay?

"Brett" <no[at]spam.net> wrote:

- quote -

> I do my own taxes using Turbo Tax. If for some reason I
> make a mistake and overpay my taxes, will the IRS catch this
> and refund me?


Yes, if it a simple math error.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #5  
Old 04-01-2005, 08:25 AM
effi
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Default Re: Will IRS refund if I over pay?

"Brett" <no[at]spam.net> wrote:

- quote -

> I do my own taxes using Turbo Tax. If for some reason I
> make a mistake and overpay my taxes, will the IRS catch this
> and refund me?


possibly so, possibly not (not enough information)

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #4  
Old 04-01-2005, 08:25 AM
Bill Brown
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Default Re: Will IRS refund if I over pay?

Brett wrote:

- quote -

> I do my own taxes using Turbo Tax. If for some reason I
> make a mistake and overpay my taxes, will the IRS catch this
> and refund me?


Maybe but I wouldn't count on it. It depends on the nature
of the error.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #3  
Old 04-01-2005, 07:47 AM
Thomas Healy
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Default Re: Will IRS refund if I over pay?

"Brett" <no[at]spam.net> wrote:

- quote -

> I do my own taxes using Turbo Tax. If for some reason I
> make a mistake and overpay my taxes, will the IRS catch this
> and refund me?


Maybe. But don't count on it.

--
Tom Healy, CPA
Boulder, CO
Web: http://www.tomhealycpa.com

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  #2  
Old 04-01-2005, 07:27 AM
Bill
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Default Re: Will IRS refund if I over pay?

no[at]spam.net (Brett) asked:

- quote -

> I do my own taxes using Turbo Tax. If for
> some reason I make a mistake and overpay
> my taxes, will the IRS catch this and refund
> me?


IRS computers routinely catch arithmetic errors on paper
returns, and issue refunds. In the case of a mistaken entry
on a software program, this is not as readily apparent. If
you erred in the entry for your income, for example, by
transposing a digit and entering $73,000 instead of
$37,000), this might not be caught -- though one would
expect that _you_ would notice the excessive taxes.

Were it to be based on a W-2 or 1099, eventually IRS
matching programs should pick it up -- but perhaps not for
more than a year. And if it was an error on a Schedule C,
reporting income from self employment, it might never be
caught.

Bill

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  #1  
Old 04-01-2005, 07:08 AM
TaxmanHog
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Default Re: Will IRS refund if I over pay?

"Brett" <no[at]spam.net> wrote:

- quote -

> I do my own taxes using Turbo Tax. If for some reason I
> make a mistake and overpay my taxes, will the IRS catch this
> and refund me?


Depends on what type of ~mistake~ you made, below are two
common scenarios.

If you transcribed the wages from your W-2 as a larger
figure into turbo tax, this will not get lowered with out
you initiating an amended return.

If you transcribe the Federal Tax With Held from the W-2, as
a smaller amount . You have shortened your current refund,
the error might be detected on the Annual CP-2000 screening,
this class of cases are a low priority.

This type of error is benefiting the Government by holding
your funds, if you want to correct the error, it would
benefit you to act on the issue by filing an amended return,
ASAP.

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Old 04-01-2005, 07:08 AM
rick++
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Default Re: Will IRS refund if I over pay?

Maybe. When I did taxes before computer programs, and paid
too much due to a calculation error, they pointed it out to
me and gave a refund.

If it is an error of omission, i.e. forgetting a deduction,
then you are out of luck.

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  #-1  
Old 03-30-2005, 12:27 AM
Brett
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Default Will IRS refund if I over pay?

I do my own taxes using Turbo Tax. If for some reason I
make a mistake and overpay my taxes, will the IRS catch this
and refund me?

Thanks,
Brett

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

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