Go Back   CDN Business Directory > Main Category > Taxes

 
 
Thread Tools Display Modes
  #8  
Old 04-21-2005, 06:56 AM
Phil Marti
Guest
 
Posts: n/a
Default Re: Debited my balance due twice.. Don't know what to do!

"tcp100" <tcp277[at]yahoo.com> wrote:

- quote -

> Just wanted to add.. IRS says to just wait, and they'll send
> me a check. This doesn't sit well with me -- as they say
> they don't even have records of my payments yet.


Payments made on April 15 wouldn't be visible to the
1-800-1040 people until April 25. Call again then.

--
Phil Marti
Clarksburg, MD

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #7  
Old 04-20-2005, 10:06 PM
thetaxdon
Guest
 
Posts: n/a
Default Re: Debited my balance due twice.. Don't know what to do!

Yes, the IRS will be able to see both of your payments and
refund the overpayment. Make the phone call and follow up
every 10 weeks until the money is refunded. It took two
phone calls an six months for one of my clients to get his
money back in a similar situation.

Don in Colorado

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #6  
Old 04-20-2005, 10:06 PM
Jo Firey
Guest
 
Posts: n/a
Default Re: Debited my balance due twice.. Don't know what to do!

"tcp100" <tcp277[at]yahoo.com> wrote:

- quote -

> I've made a really, really bad mistake.. That, or I just
> didn't look at Turbotax close enough.
> Here's the problem.. Last year, I paid my taxes via direct
> debit in Turbotax. I didn't want to do that this year - but
> either I missed that part of TurboTax completely, or
> accidentally left the box checked (I was 100% sure I didn't,
> but here's what happened anyways..)
> I paid via EFTPS ($1875), but I got debited my balance due
> by TurboTax also ($1875 again!).
> So, I am now sitting here with two payments cashed by the US
> Treasury for the same amount, both gone from my bank
> account. Unfortunately, there was enough money in there, so
> they both processed.
> This is bad, because I already sent in my first estimated
> payment, too...
> I have a feeling there may be arm twisting to get this money
> back. Please, somebody tell me there's a simple solution --
> since I'm out a lot of money for the month due to this
> mistake and I don't even know where to start... Would the
> IRS, if I call them, see both of these payments, and be able
> to refund me directly??!?!
> Thanks very much for any help you can give!


I'm sorry to say the fastest help you are likely to get is
take a credit card advance or credit union loan or something
like that for what you need NOW.

And to skip some future estimates for what you shouldn't
owe. They may refund your over payment or they may not.
But by June 15th you should be able to find out. Right now
you would be very lucky to find anyone to tell you anything
you can count on as the payments likely haven't posted at
the IRS with your return yet.

Jo

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #5  
Old 04-20-2005, 09:28 PM
effi
Guest
 
Posts: n/a
Default Re: Debited my balance due twice.. Don't know what to do!

"tcp100" <tcp277[at]yahoo.com> wrote:

- quote -

> I've made a really, really bad mistake.. That, or I just
> didn't look at Turbotax close enough.
> Here's the problem.. Last year, I paid my taxes via direct
> debit in Turbotax. I didn't want to do that this year - but
> either I missed that part of TurboTax completely, or
> accidentally left the box checked (I was 100% sure I didn't,
> but here's what happened anyways..)
> I paid via EFTPS ($1875), but I got debited my balance due
> by TurboTax also ($1875 again!).
> So, I am now sitting here with two payments cashed by the US
> Treasury for the same amount, both gone from my bank
> account. Unfortunately, there was enough money in there, so
> they both processed.
> This is bad, because I already sent in my first estimated
> payment, too...
> I have a feeling there may be arm twisting to get this money
> back. Please, somebody tell me there's a simple solution --
> since I'm out a lot of money for the month due to this
> mistake and I don't even know where to start... Would the
> IRS, if I call them, see both of these payments, and be able
> to refund me directly??!?!
> Thanks very much for any help you can give!


call 'em (irs) at 1-800-829-1040 and see

seems they should either be able to issue you a refund of
your overpayment or, in the alternative, if you have another
1040-es payment coming due by 6-15-05 they should be able to
apply it there if you want

good thing you caught it, sometimes taxpayers have payments
in a particular tax year that "slip through the cracks" in
that big organization (like all big organizations)

keep a written record of who you talk to at irs, date, time,
etc., and be prepared to wait sometimes, 15 minutes or more,
before speaking to a live human

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #4  
Old 04-20-2005, 09:28 PM
tcp100
Guest
 
Posts: n/a
Default Re: Debited my balance due twice.. Don't know what to do!

Just wanted to add.. IRS says to just wait, and they'll send
me a check. This doesn't sit well with me -- as they say
they don't even have records of my payments yet. (Although,
if I call the EFTPS hotline, the people there can see the
one paid through EFTPS on 4/15.. If I call the e-file
payment status hotline, the one processed through turbotax
on 4/18 is there; however calling 1-800-879-1040, they can't
see either!)

So, has anyone actually known the IRS to automatically send
money back when taxes are overpaid on a specific return? Is
this something I can actually count on; that is, is the IRS
really in the habit of saying "Oh, sorry, you paid too much,
here's a check!"?? I always thought that the IRS will let
you know if you paid too little, but if you paid too much,
they're not in any hurry to figure this on their own and let
you know..

If they are right, I'm wondering how long the "just wait"
will be.. They weren't able to say. Days? Weeks? Months?

I realize this is all my dumb mistake but I'm really
surprised nobody can just look and say "Oh, look, two
identical payments two days apart - OK, we'll credit one
back.."

I imagine there's nothing different about the way TurboTax
does things that calling Intuit would help, right??

I deeply appreciate any advice, as the budget is tight at
the moment and time is something I don't have too much of..

Thanks!

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #3  
Old 04-20-2005, 09:09 PM
TaxmanHog
Guest
 
Posts: n/a
Default Re: Debited my balance due twice.. Don't know what to do!

- quote -

> "tcp100" wrote..........
> I've made a really, really bad mistake......

......
> I paid via EFTPS ($1875), but I got debited my balance due
> by TurboTax also ($1875 again!).

.......
> I have a feeling there may be arm twisting to get this money
> back. Please, somebody tell me there's a simple solution --
> since I'm out a lot of money for the month due to this
> mistake and I don't even know where to start... Would the
> IRS, if I call them, see both of these payments, and be able
> to refund me directly??!?!


Give a call, they may need to manually release a systemic
freeze which sometimes generates on accounts with duplicate
payments. They can confirm the posting of your ELF return as
well as the two direct debit payments, and then project
refund date of the over payment.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #2  
Old 04-20-2005, 09:09 PM
Victor Roberts
Guest
 
Posts: n/a
Default Re: Debited my balance due twice.. Don't know what to do!

tcp100" <tcp277[at]yahoo.com> wrote:

- quote -

> I've made a really, really bad mistake.. That, or I just
> didn't look at Turbotax close enough.
> Here's the problem.. Last year, I paid my taxes via direct
> debit in Turbotax. I didn't want to do that this year - but
> either I missed that part of TurboTax completely, or
> accidentally left the box checked (I was 100% sure I didn't,
> but here's what happened anyways..)
> I paid via EFTPS ($1875), but I got debited my balance due
> by TurboTax also ($1875 again!).
> So, I am now sitting here with two payments cashed by the US
> Treasury for the same amount, both gone from my bank
> account. Unfortunately, there was enough money in there, so
> they both processed.
> This is bad, because I already sent in my first estimated
> payment, too...
> I have a feeling there may be arm twisting to get this money
> back. Please, somebody tell me there's a simple solution --
> since I'm out a lot of money for the month due to this
> mistake and I don't even know where to start... Would the
> IRS, if I call them, see both of these payments, and be able
> to refund me directly??!?!
> Thanks very much for any help you can give!


As a taxpayer I want to thank you for giving this
interest-free loan to our government. You may be sure that
your funds will be put to good use and any extra will be
returned to you when you file your 2005 tax return 12 months
from now :-)

--
Vic Roberts
Replace xxx with vdr in e-mail address.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #1  
Old 04-20-2005, 09:09 PM
Paul A Thomas
Guest
 
Posts: n/a
Default Re: Debited my balance due twice.. Don't know what to do!

"tcp100" <tcp277[at]yahoo.com> wrote
- quote -

> I've made a really, really bad mistake.. That, or I just
> didn't look at Turbotax close enough.
> Here's the problem.. Last year, I paid my taxes via direct
> debit in Turbotax. I didn't want to do that this year - but
> either I missed that part of TurboTax completely, or
> accidentally left the box checked (I was 100% sure I didn't,
> but here's what happened anyways..)
> I paid via EFTPS ($1875), but I got debited my balance due
> by TurboTax also ($1875 again!).
> So, I am now sitting here with two payments cashed by the US
> Treasury for the same amount, both gone from my bank
> account. Unfortunately, there was enough money in there, so
> they both processed.
> This is bad, because I already sent in my first estimated
> payment, too...
> I have a feeling there may be arm twisting to get this money
> back. Please, somebody tell me there's a simple solution --
> since I'm out a lot of money for the month due to this
> mistake and I don't even know where to start... Would the
> IRS, if I call them, see both of these payments, and be able
> to refund me directly??!?!


I'd start by calling them. See if they can expedite the
refund of the overpayment. If not, they'll send your money
back at some point. You can possibly speed up that "point"
by calling them.

--
Paul A. Thomas, CPA
Athens, Georgia
taxman at negia.net

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 
Old 04-20-2005, 08:50 PM
Phil Marti
Guest
 
Posts: n/a
Default Re: Debited my balance due twice.. Don't know what to do!

"tcp100" <tcp277[at]yahoo.com> wrote:.

- quote -

> I've made a really, really bad mistake.. That, or I just
> didn't look at Turbotax close enough.
> Here's the problem.. Last year, I paid my taxes via direct
> debit in Turbotax. I didn't want to do that this year - but
> either I missed that part of TurboTax completely, or
> accidentally left the box checked (I was 100% sure I didn't,
> but here's what happened anyways..)
> I paid via EFTPS ($1875), but I got debited my balance due
> by TurboTax also ($1875 again!).
> So, I am now sitting here with two payments cashed by the US
> Treasury for the same amount, both gone from my bank
> account. Unfortunately, there was enough money in there, so
> they both processed.
> This is bad, because I already sent in my first estimated
> payment, too...
> I have a feeling there may be arm twisting to get this money
> back.


It should refund quickly, assuming you e-filed. The excess
payment will create an overpayment that should be
automatically refunded. I'd call the IRS to doublecheck,
though.

--
Phil Marti
Clarksburg, MD

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #-1  
Old 04-19-2005, 03:15 PM
tcp100
Guest
 
Posts: n/a
Default Debited my balance due twice.. Don't know what to do!

I've made a really, really bad mistake.. That, or I just
didn't look at Turbotax close enough.

Here's the problem.. Last year, I paid my taxes via direct
debit in Turbotax. I didn't want to do that this year - but
either I missed that part of TurboTax completely, or
accidentally left the box checked (I was 100% sure I didn't,
but here's what happened anyways..)

I paid via EFTPS ($1875), but I got debited my balance due
by TurboTax also ($1875 again!).

So, I am now sitting here with two payments cashed by the US
Treasury for the same amount, both gone from my bank
account. Unfortunately, there was enough money in there, so
they both processed.

This is bad, because I already sent in my first estimated
payment, too...

I have a feeling there may be arm twisting to get this money
back. Please, somebody tell me there's a simple solution --
since I'm out a lot of money for the month due to this
mistake and I don't even know where to start... Would the
IRS, if I call them, see both of these payments, and be able
to refund me directly??!?!

Thanks very much for any help you can give!

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

Tags
balance, debited, due
Similar Threads
Thread Forum Replies Last Post
balance in Account List view does not match balance in actual regi
HB: The balance of two of my accounts as shown in the summary pages (home page and account list view) does not match that in the actual registers. All...
Microsoft Money 6 02-27-2005 04:45 AM
Budget Items being debited twice
JSH: In M05, in the budget screen and reports, 2 of my 3 active loan payments are being totalled into the 'Budgeted' column incorrectly. 2 car...
Microsoft Money 3 02-08-2005 12:13 AM
MS Bill Pay - when bills get debited
Ricardo: Something I learned a couple weeks ago after years of using MS Bill Pay / CheckFree. I was trying to figure out why my bank showed that a check had...
Microsoft Money 3 01-18-2005 12:02 AM
help when bills are automatically debited from my bank
Randy: I had and tried Money 2002. I entered my data about a dozen times. Things "looked" great, but the program never quite worked for me, partic. with...
Microsoft Money 7 04-02-2004 11:57 PM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 09:11 AM.