$1000 from the IRS

Post by **otseng** » Fri May 28, 2004 2:41 pm

You get a letter in the mail from the IRS. It says you made a mistake on last year's IRS return and you overpaid $1000 and that a refund will be arriving shortly. You are fairly sure that you did not make a mistake since you used a computer program to file the return.

What do you do? (BTW, this actually just happened to me.

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Vladd44 · Post by **Vladd44** » Thu Jun 07, 2007 5:34 pm

I would decide what I should do with the money here or here.

Assent · Post by **Assent** » Sun Nov 11, 2007 4:02 pm

I believe I recall hearing that a study was conducted in which the same set of information was given to several accountancy groups. Each sent back a different number, and each varied widely, sometimes by thousands of dollars. So if professionals who have devoted their adult lives to interpreting tax laws cannot agree, the what hope have you, a computer program (which was, in the end, written by these accounting professionals), or even the IRS itself?

I do agree that caution must win the day, but $1000 in your favor is a pretty nice bit of luck, especially since next time it could easily fall the other way instead.