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 kotik
fuckingsuperhero
Registered: 06/29/04
Posts: 3,530
Last seen: 1 day, 5 hours
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 I got back 3x the amount I expected from federal tax return... wtf?
#8237187 - 04/04/08 06:35 AM (7 months, 27 days ago) |
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not that I'm complaining, but I'm also pretty sure I'll have to give it back if it was a mistake. If it wasn't a mistake, I'm confused. I did my taxes with TurboTax, and even had a CPA double, and then triple check it. Both said it was fine, low risk for flags, etc.
The total return came to just under $1400. I filed it electronically, and setup a direct deposit. After waiting for about 2 weeks, I finally saw the deposit pending, however it is over $4000.
I'll be calling that CPA again, but I was wondering if anyone here could explain this. Is it common to get overpaid? Could I be getting back some type of taxes I was unaware of? etc.
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music: myspace.com/soundscientists
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I have the heart of a child. I keep it in a jar on my shelf.
No statements made in any post or message by myself should be construed to mean that I am now, or have ever been, participating in or considering participation in any activities in violation of any local, state, or federal laws. All posts are works of fiction.
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perosiste
Overcomplicates shit for fun
Registered: 03/26/08
Posts: 962
Last seen: 1 day, 19 hours
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Re: I got back 3x the amount I expected from federal tax return... wtf? [Re: kotik]
#8237213 - 04/04/08 06:53 AM (7 months, 27 days ago) |
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Roughly 2500 extra, sounds like an earned income tax credit to me.
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Risk Management will be the downfall of western civilization.
My avatar really says "Holy Fuck I love being white
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 Veritas
Registered: 04/15/05
Posts: 10,379
Loc: PNW
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Re: I got back 3x the amount I expected from federal tax return... wtf? [Re: kotik]
#8237445 - 04/04/08 08:59 AM (7 months, 27 days ago) |
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You will probably receive a written notice that your tax return was revised, thus increasing your total refund. It is likely that something was omitted from the original return, and they caught it. I wouldn't sweat it.
BTW, just a small pet peeve of mine--the $$ you get back is called a tax refund, the forms you turn in to the IRS are called a tax return.
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No man is free who is not master of himself.
~Epictetus.
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Cowgold
Bullshit
Registered: 04/04/05
Posts: 10,600
Loc: .
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Re: I got back 3x the amount I expected from federal tax return... wtf? [Re: kotik]
#8237774 - 04/04/08 10:50 AM (7 months, 27 days ago) |
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Someone using your SS# maybe?
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kotik
fuckingsuperhero
Registered: 06/29/04
Posts: 3,530
Last seen: 1 day, 5 hours
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Re: I got back 3x the amount I expected from federal tax return... wtf? [Re: perosiste]
#8237805 - 04/04/08 11:02 AM (7 months, 27 days ago) |
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Quote:
perosiste said:
Roughly 2500 extra, sounds like an earned income tax credit to me.
according to this site:
http://apps.irs.gov/app/eitc2007/Forward_Eligibility.do
I am not eligible for EITC due to age (about 6 months shy).
Quote:
Veritas said:
BTW, just a small pet peeve of mine--the $$ you get back is called a tax refund, the forms you turn in to the IRS are called a tax return.
heh, noted.
Quote:
Cowgold said:
Someone using your SS# maybe?
I highly doubt it, I just checked all my credit reports last night coincidentally, and there were no flags or anything that would indicate such a thing (and I have dealt with it before, so I feel like I would know what to look for).
thanks for the comments so far, I'm still a little confused. I'll just make sure not to spend any of the excess until I know why it's there.
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music: myspace.com/soundscientists
.
I have the heart of a child. I keep it in a jar on my shelf.
No statements made in any post or message by myself should be construed to mean that I am now, or have ever been, participating in or considering participation in any activities in violation of any local, state, or federal laws. All posts are works of fiction.
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