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  #6  
Old 07-11-2005, 03:36 AM
Denise
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Default Re: owed $4000 to IRS; was refunded $5000 with online mistake

Vic Dura wrote:
- quote -

> chuluckus[at]yahoo-dot-com.no-spam.invalid (chuluckus) wrote:

> First, *do not cash or deposit* the check. I would write the
> work VOID across the face of it. Then make a copy of it for
> your records.


Since it was an online refund, the refund might have been
direct deposited into the Taxpayer's bank account.

That may change the scenario a bit...

Denise

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #5  
Old 07-11-2005, 03:16 AM
Harlan Lunsford
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Default Re: owed $4000 to IRS; was refunded $5000 with online mistake

clj1219[at]aol.com wrote:
- quote -

> chuluckus wrote:

> > I am afraid and sick about it and don't know what to do.


> If a check arrives, don't cash it. Don't deposit it. The
> IRS **will** discover the mistake and ask for their money.


First I was attempted to say "maybe " they will.

But a differend of 9000$ will be pretty hard for IRS to
ignore. OR, we don't know, maybe he had already paid the
4000$, but then they figured it should have been a refund of
1000, so they refunded the 5000$. I dunno.

ChEAr$,
Harlan

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #4  
Old 07-08-2005, 05:34 PM
Vic Dura
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Default Re: owed $4000 to IRS; was refunded $5000 with online mistake

chuluckus[at]yahoo-dot-com.no-spam.invalid (chuluckus) wrote:

- quote -

> I am afraid and sick about it and don't know what to do.

First, *do not cash or deposit* the check. I would write the
work VOID across the face of it. Then make a copy of it for
your records.

Next, contact your local IRS office and explain the
situation. Follow their directions.

Don't get upset. It's not an unusual cituation. By not
cashing the check, you will not be charged interest on their
mistake.

--
To reply to me directly, remove the CLUTTER from my email
address.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #3  
Old 07-08-2005, 05:15 PM
clj1219@aol.com
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Default Re: owed $4000 to IRS; was refunded $5000 with online mistake

chuluckus wrote:

- quote -

> I am afraid and sick about it and don't know what to do.

If a check arrives, don't cash it. Don't deposit it. The
IRS **will** discover the mistake and ask for their money.


<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #2  
Old 07-08-2005, 05:15 PM
R
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Default Re: owed $4000 to IRS; was refunded $5000 with online mistake

chuluckus[at]yahoo-dot-com.no-spam.invalid (chuluckus) wrote:

- quote -

> I am afraid and sick about it and don't know what to do.

File Form 1040-X, an ammended return to correct the mistake.
Along with return, return the refund and pay your
liability. File the return before they catch up with your
mistake.

Everyone makes mistakes. Correct your mistake and
everything will be fine.

Hope this helps,
Russell Tuncap, CMA, CPA
www.tuncap.com

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #1  
Old 07-08-2005, 04:56 PM
Phil Marti
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Default Re: owed $4000 to IRS; was refunded $5000 with online mistake

"chuluckus" <chuluckus[at]yahoo-dot-com.no-spam.invalid> wrote:

- quote -

> I am afraid and sick about it and don't know what to do.

Well, you could fuss and fret about it or you could call
them and ask, "Whazzup?"

--
Phil Marti
Clarksburg, MD

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
 
Old 07-08-2005, 04:56 PM
Harlan Lunsford
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Default Re: owed $4000 to IRS; was refunded $5000 with online mistake

chuluckus wrote:

- quote -

> I am afraid and sick about it and don't know what to do.

Don't be. Any time an error is made, IRS will (at last
most all the time if they catch it) correct it. Plus they
will send you an explanatory letter telling you why.

What did the letter say? And was their assessment of the
error correct? If so, rest assured and cash the check.

Wait a minute; you thought you OWED 4,000$ and they
refunded 5000$?????

What DID the letter say as to the cause?

ChEAr$,
Harlan Lunsford, EA n LA

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 07-07-2005, 01:52 AM
chuluckus
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Default owed $4000 to IRS; was refunded $5000 with online mistake

I am afraid and sick about it and don't know what to do.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
 

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$4000, $5000, irs, mistake, online, owed, refunded
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