 My accountant failed to file my business return on time and I now owe a penalty. Any good advice? |
| My accountant was always really good up until this year when he kind of went off the deep end with some personal issues. He assured me that he'd file my business return on time and when he didn&... |
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 Ability to deduct mortgage interest on schedule A? |
| My brother and I plan to purchase a property 50/50. I am to live in the home and pay my brother rent for his half. Will i be able to deduct my half of the mortgage interest as a personal expense on ... |
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 Do you believe this? |
Can someone earn £36000 a year gross by working the following way!
1st job- 35 hours per week- £14000 per annum
2nd job- 30 hours per week- £11000 per annum
3rd job- self ... |
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 When will I receive my "Tax Rebate" check from bush? How much will I get? |
| I filled single with one dependent. So how much should I get in total??... |
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 HOW CAN i GET STUCK PAYING THE IRS BECAUSE I AM 1099? |
| I MADE GOOD MONEY LAST YEAR BUT WITH RENT, CAR PAYMENTS, CHILD CARE AND RAISING 3 KIDS I BARELY SURVIVED LAST YEAR NOW MY TAX GUY IS SAYING I OWE $9,000 TO IRS HOW IS THAT POSSIBLE????????... |
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 Do you have to file for taxes if you receive public assistance or welfare? |
| I never thought into it and my mother hasnt filed in a while becaue she says she was told not to file. I understood it then being that she was not working but now i need college stuff and they need ... |
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 I forgot to deduct for a charitable contribution...? |
| I donated to a charity in 2006 and forgot to list it on my taxes. Do I need to amend my return to get credit for this or can I claim it on my tax return next year?... |
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 Did anyone get an update through sbbt bank? |
| My tax refund on sbbt said, 1/25/08. The Irs said, 1/29/08 and when I check sbbt bank, they said, my refund will be deposit the following friday. I assumed that they send them out on Thurs. and it ... |
|
 Who do I call about my not getting a W2 form? |
| I haven't gotten my W2 form from my previous employer and I was wondering who I should call if I don't recieve it by January 31. Some have told me to call my employer while others have told ... |
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 What will you do with your Stimulus rebate? |
for me, i'm saving it for the June 20, and 21 race at the Milwaukee Mile. that way, i have more spending money to take along.
what will you do with yours?... |
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 The Income tax changes 22% to 20% basic and the loss of the 10p rate are you better or worse off? |
Additional Details
This is interesting because technically I am better off, but other changes mean that actually I don't really gain. My wife is worse off and as a family although ... |
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 If a company car is available for personal use are you required to keep receipts of fuel payments? |
| If a car is avail for personal use and you pay for all your private mileage and keep records is this sufficient for tax purposes? Can a company deduct a "certain amount" from an employees ... |
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 I have a 9 month old son. I have not worked but I want to know if I can file a tax return on him? |
| I need to know if I can file a tax return even though I have not worked, and I'm a single parent of a child.... |
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Steve T | I received an IRS refund check that was for $378,844.48, an error. Can I still cash it? |
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 |
 
Insuranceman
|
If you do, or even deposit the check, they will come back to you wantin paid back PLUS interest.
It would be best to go to your local office and return it.
Good lusk and I hope this helps! |
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v b
 |
The IRS would charge you 8% interest. My bank accounts pay 4% at best so even holding the money is dumb.
Write void on the back of the check (not the front like you would for your own checks) and send it back to the IRS. They won't count it has having been cashed and won't bill you anything. |
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boj12345
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No, do not cash it. Return it to your local IRS office... If you cash it, the IRS will figure out that it's not yours, and will demand the money back with interest. |
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Vicky L
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I wouldn't if I were you. The money was sent to you in ERROR and therefore is NOT actually your money. Once you cash it or deposit it you will have committed fraud and the IRS can come after you demanding not only their money back but penalties and interest, as well. I don't know how much money you make, but for me it would take me my ENTIRE life and the ENTIRE life of both my kids to pay back that kind of money! |
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talismb
 |
Well...to answer your actual question...CAN you cash it...YES you can...however the question you should have asked is SHOULD I cash it...NO (or at least not if you like living outside of a federal country club...) |
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Gary
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I would call your local IRS field office as soon as possible. They will come looking for it. |
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Mag
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NO WAY!! It's still TheIRS, no way would I even touch the check itself. Return it certified mail with insurance so you have proof in case it gets lost. |
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MukatA
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If you receive a check for a refund you are not entitled to, or for an overpayment that should have been credited to estimated tax, do not cash the check. Call the IRS.
If you receive a check for more than the refund you claimed, do not cash the check until you receive a notice explaining the difference.
If your refund check is for less than you claimed, it should be accompanied by a notice explaining the difference. Cashing the check does not stop you from claiming an additional amount of refund.
If you did not receive a notice and you have any questions about the amount of your refund, you should wait 2 weeks. If you still have not received a notice, call the IRS. |
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