Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax

I have had 2 clients who filed 1040s in April, 2009 for 2008

Customer Question
get unexplained refunds of $3000...
I have had 2 clients who filed 1040s in April, 2009 for 2008 get unexplained refunds of $3000 just in the last week - I have checked over their returns and found no computational errors - Has anyone else gotten these mysterioous refunds?
Submitted: 8 years ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 11 minutes by:
6/2/2009
Tax Professional: Merlo, Accountant replied 8 years ago
Merlo
Merlo, Accountant
Category: Tax
Satisfied Customers: 9,783
Experience: 25+ years tax consulting. Specializing in returns for US citizens living abroad
Verified
Hello cpatx,

I am in this forum on a daily basis, and see all of the tax questions that come through this board. But no one in this forum has posted anything about a similar issue, and none of my personal clients have come to me with a similar issue.

As I am sure you know, typically when the IRS makes an adjustment on a taxpayer's return, they will also receive a notice that explains why the adjustment was made, so I am surprised that your clients apparently did not also get an explanation for this adjustment.

Obviously there is not much I can suggest to you at this point other than calling the IRS for an explanation. If they simply keep the money and it ends up being a refund that was issued in error, then they will not only have to pay back the money, but would also owe interest. So it would be better for them to find out now if this is really money they get to keep and what the reason was for the adjustment.

Maybe this helps partially explain why we have a trillion dollar deficit!

If this was helpful please press the Accept button.

Thank you cpatx, and let me know if you have more questions, although I am not sure what else to suggest at this point.



Ask Your Own Tax Question
Customer reply replied 8 years ago
Your answer is exactly what I've been doing for over 30 years of tax practice - I was just trying to find out if anyone else has gotten this unforeseen refund - I 've had this happen in the past when the IRS had some glitch in their processing progam and was just tryimg to find out if this was starting up again.
Tax Professional: Merlo, Accountant replied 8 years ago
Good morning cpatax,

I am not aware of any glitches at this time. And I do not believe anyone else here in this forum is.

After you posted your question the other day, I checked with a few of the other experts here in the forum to see if they had run across any similar situations, but they were not aware of anything in particular and have not had similar experiences with their clients.

It is awfully odd that you would have two clients that were paid the same exact amount on an over refund. But if there were some sort of glitch, I think at least someone here in the forum would have heard about it by now. We get hundreds of questions through this forum, so I have to believe that someone else would have posted by now if this was an ongoing issue.

Ask Your Own Tax Question
Ask Merlo Your Own Question
Merlo
Merlo
Merlo, Accountant
Category: Tax
Satisfied Customers: 9,783
9,783 Satisfied Customers
Experience: 25+ years tax consulting. Specializing in returns for US citizens living abroad

Merlo is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,300 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,310 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

Robin D.

Robin D.

Senior Tax Advisor 4

13,695 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,651 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
Tax return garnished for restitution, does that mean it goes
tax return garnished for restitution, does that mean it goes against my monthly payment so I reduced the garnished amount I pay each month? … read more
Fred Rook
Fred Rook
Corporate Controller
BSBA
31 satisfied customers
Matt contributes equipment with an adjusted basis of $40,000
Matt contributes equipment with an adjusted basis of $40,000 and a FMV of $36,000 to CLP in return for 3% limited partnership interest. Matt's share of CLP income and losses for the year were as follo… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
IRS Experts Corporation changed name. 2016 tax return has
IRS ExpertsCorporation changed name. 2016 tax return has been filed with a new name. Taxpayer recently received notice which has old name. How do we change the name with IRS?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,452 satisfied customers
When bank refinance do they verify tax returns with IRS?
When bank refinance do they verify tax returns with IRS? Because I did the refinance and bank didn't ask me for transcript signature, or Can they do it without my authorization ?… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
717 satisfied customers
Basis adjustment for date of death value. My understanding
basis adjustment for date of death value. My understanding is that the basis adjustment for date of death value when there is not an active market is generally by appraisal. But, if the property is di… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
717 satisfied customers
Received notice from IRS. On my tax return missed to check
Received notice from IRS. On my tax return missed to check health care coverage for year 2014, 2015 and 2016, Do I have to file Form 1040 X for each year or can I do all three on one by checking these… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
Adjusted individual tax return for 2014(Iowa),says no
Adjusted individual tax return for 2014(Iowa),says no response to letter of inquiry,disallowed health insurance. deduction.says my wife and I owe$600.00.she called # and was told to show proof of insu… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Can the IRS levy against personal checking account if you
Can the IRS levy against personal checking account if you own a corporation that owes taxes … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I am finalizing a personal tax return and my client has 8 or
I am finalizing a personal tax return and my client has 8 or 9 K-1 forms from operating companies that he owns. One company that i do not prepare issued a K-1 with a line 1 income of $242,089 and a se… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
717 satisfied customers
Can a C-Corp file a "final" return with the IRS if there are
Can a C-Corp file a "final" return with the IRS if there are no longer any business operations, but the company bank accounts remain open?… read more
taxmanrog
taxmanrog
Master\u0027s Degree
697 satisfied customers
I sold a condo with an adjusted tax base of 147260. I have
I sold a condo with an adjusted tax base of 147260. I have taken depreciation of 34,055.How much capital gains tax would I be paying? … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I have a cleint who i did a tax return for that the IRS
I have a cleint who i did a tax return for that the IRS rejected e-file as someone else took the dependent; The child in question lives with tax payer. The IRS direction on reject basically said check… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
ON A 1041 FORM IS THE TAX FIGURED ON ADJUSTED TOTAL INCOME
STEPHANIE, ON A 1041 FORM IS THE TAX FIGURED ON ADJUSTED TOTAL INCOME MINUS THE 4050 EXEMPTION? … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
My 2016 tax return was denied electronially by the IRS. The
My 2016 tax return was denied electronially by the IRS. The social security number for the child I listed as a dependant had alredy been used by another party. I was instructed to send in a paper return and wait for notification. … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I need help putting a personal tax return together by
I need help putting a personal tax return together by morning. I have all of the information needed for the return.… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,215 satisfied customers
Tax question. Does the IRS keep copies of the tax returns
Tax question. Does the IRS keep copies of the tax returns from 2014?. They are claiming I did not report my Soc Sec income then and they refused to accept the amended return my tax woman filed. Now I … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
There is no credit on Illinois personal tax return for
There is no credit on Illinois personal tax return for property tax paid for vehicle, correct? Thanks,… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
I had an adjustment to my IRS tax refund a few years ago and
I had an adjustment to my IRS tax refund a few years ago and due to my mail being stolen never received the transcript for me to review and dispute. Is there any way I can now find the problem and if … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,215 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x