![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
2020 taxes / recovery rebate credit
Sunday, April 11th, 2021 10:32 pmQiao had his taxes done in February. The 2nd stimulus check was deposited to his bank account on 12/31/2020, but he didn't realize it until the IRS notice 1444-B finally arrived in his mailbox, which was after he'd done his taxes. Not knowing that he'd gotten the stimulus check already, his tax preparer claimed the recovery rebate credit for him on his tax return.
Once Qiao realized the mistake, we submitted an amended tax return to the IRS along with the appropriate payment.
Now the IRS sent him a letter saying they think he paid too much, and they're going to return the difference.
I double checked the amounts calculated by his tax preparer, and what I calculated on the amended tax return, and based on the instructions, they were correct. So I don't know WHY the IRS wants to give Qiao extra money back, but.... I guess it's not worth fighting them over it.
.
On the other hand, I'm still waiting to get my 2019 federal tax refund! According to the IRS site, as of March 26, they had 2 million paper returns remaining to process. It looks like they'll be done in another month, so hopefully around then I'll either get the refund, or finally find out if my 2019 tax return was lost in the mail and needs to be redone.
I am now doing my 2020 taxes, and if I don't run into technical difficulties, will be submitting them online this time instead of by the mail.
Once Qiao realized the mistake, we submitted an amended tax return to the IRS along with the appropriate payment.
Now the IRS sent him a letter saying they think he paid too much, and they're going to return the difference.
I double checked the amounts calculated by his tax preparer, and what I calculated on the amended tax return, and based on the instructions, they were correct. So I don't know WHY the IRS wants to give Qiao extra money back, but.... I guess it's not worth fighting them over it.
.
On the other hand, I'm still waiting to get my 2019 federal tax refund! According to the IRS site, as of March 26, they had 2 million paper returns remaining to process. It looks like they'll be done in another month, so hopefully around then I'll either get the refund, or finally find out if my 2019 tax return was lost in the mail and needs to be redone.
I am now doing my 2020 taxes, and if I don't run into technical difficulties, will be submitting them online this time instead of by the mail.