Discussion:Refund to be applied to estimated-but refunded
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| Revision as of 15:59, 11 December 2005 Beengel (Talk | contribs) (New Discussion) ← Previous diff |
Current revision Anuenue (Talk | contribs) |
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| {{ForumNewPost|UserID=Beengel|Date=11 December 2005|Text=My parents asked to have their 2004 refund of just over $100 applied to their estimated taxes for 2005. The IRS refunded the amount, with no explanation. What is the best way to handle this for them on their taxes for 2005?}} | {{ForumNewPost|UserID=Beengel|Date=11 December 2005|Text=My parents asked to have their 2004 refund of just over $100 applied to their estimated taxes for 2005. The IRS refunded the amount, with no explanation. What is the best way to handle this for them on their taxes for 2005?}} | ||
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| + | {{ForumReplyPost|UserID=Anuenue|Date=13 December 2005|Text=1. Send the check back to the IRS with a letter explaining that the refund should have been applied Tax Year 2005 as an estimated payment. | ||
| + | 2. If the check has been cashed send a check for $100. with a 1040ES 2005 voucher so it can be applied as estimated tax payment. | ||
| + | 3. Double-check the 2005 return before it is submitted to insure that the option to use the refund as an estimated payment for 2006 is filled in. | ||
| + | anuenue}} | ||
Current revision
Discussion Forum Index --> Tax Questions --> Refund to be applied to estimated-but refunded
| 11 December 2005 | |
| My parents asked to have their 2004 refund of just over $100 applied to their estimated taxes for 2005. The IRS refunded the amount, with no explanation. What is the best way to handle this for them on their taxes for 2005? | |
| 13 December 2005 | |
| 1. Send the check back to the IRS with a letter explaining that the refund should have been applied Tax Year 2005 as an estimated payment.
2. If the check has been cashed send a check for $100. with a 1040ES 2005 voucher so it can be applied as estimated tax payment. 3. Double-check the 2005 return before it is submitted to insure that the option to use the refund as an estimated payment for 2006 is filled in. anuenue | |
