Question

Mistake was made on 2019 return applying erroneous overpayment to 2020 est. taxes. Amnd. ret. does not have this. Do I need to pay IRS overpayment that was applied?

Forum|Forum|6 years ago
April 12, 2020
1 reply
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TurboTax Premier Online

If you posted that you wanted a portion or all of your refund to be applied to your 2020 taxes, there is no way to recover that until next year when you do your taxes. The only other alternative is to reduce the amount you're having withheld from your paycheck. Your employer would have yo complete a FORM W-4.

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B

Benj2Author

Thank you! I would have given more detail, but was limited by number of characters. Here's more to the story: I had a true overpayment last year that I applied to this year's est. taxes, but when I filed this year I mistakenly counted this twice (carryover and estimated taxes). This resulted in another overpayment which I applied to next years est. taxes, but because of my error there was no actual overpayment. When I efiled I applied this "overpayment" to next year's est. taxes, but in reality it did not exist. In my amended TT return it looks like I need to pay the IRS back for the "overpayment" I mistakenly applied to next year. But, as I was preparing to do this, I received a notice from the IRS alerting me to my error and letting me know that they fixed my 1040 and now I owe ~$300. This is what I would have owed without my mistake, but not what my amended TT return indicates I should pay the IRS ($300 plus the "overpayment" applied to next year's taxes). I tried to contact the IRS to see what I should do, but due to covid-19 live phone help is not available at this time. So, I'm not sure if the IRS eliminated the "overpayment" applied to next year's est. taxes, or if this still applied per the original return and I owe the IRS this amount. I'm so frustrated at myself for making such a stupid error, and I just want to get it fixed - thank you!

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BillM223

Were you trying to amend your 2019 return to change the application of the non-existent refund to 2020? No other reason?

If so, then I would:

1. Pay the $300 that the IRS letter is asking for. This will probably clear your 2019 problem.

2. If you really don't want to amend your return, did you actually make any changes? If not, then you're done. And also turn off the Amend flag so that TurboTax won't get confused next year:

CD/download:

https://ttlc.intuit.com/community/amending/help/how-do-i-cancel-or-undo-an-amended-return-in-the-turbotax-cd-download-software/00/26316

Online:

https://ttlc.intuit.com/community/amending/help/how-do-i-cancel-or-undo-an-amended-return-in-turbotax-online/00/26315

3. Next year, remember to check the Estimates Taxes Paid link to see if that mistaken 2019 carryover to 2020 is still there. If so, zero it out.

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