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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16576
Experience:  Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
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I filed for an extension, which was approved and sent $5000

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I filed for an extension, which was approved and sent $5000 check to reduce the final tax payment and penalties. Today I got a check from Treasury for the $5000 + interest. Why? Doesn't this cause me a higher penalty?

MyVirtualCPA :

Thanks for asking your question! I'm sorry to hear about your tax issue and I'm going to try my best to help you understand or resolve it.

MyVirtualCPA :

How are you today?

MyVirtualCPA :

Have you filed your tax return yet?

Customer:

fine! have not finalized the taxes yet.

MyVirtualCPA :

Okay, then I am confused why they sent the money back. It must be a mistake.

MyVirtualCPA :

You can call 1-800-829-1040 and speak with someone about your account

MyVirtualCPA :

to find out why they sent the payment back

Customer:

Retired last year, and got married and tried to do our taxes like usual. When I realized after 6 months that the Federal retirement board did not take any taxes out of my retirement check, and didn't notify me of such until Dec. I owed a large amount of taxes. Decided to take a good look at all info before I finalized the taxes

MyVirtualCPA :

That's fine...you don't have to file until October 15 if you are on extension

Customer:

ok. Thank you! I will call the number you gave me!

MyVirtualCPA :

You're welcome

MyVirtualCPA :

Is there anything else I can assist you with today?

Customer:

no thank you!

Megan C and 2 other Tax Specialists are ready to help you