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Sent $4000 payment to IRS - however I made an error (now the IRS owes me a $300 refund). Can I stop payment on my check?

Forum|Forum|7 years ago
June 1, 2019
1 reply
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YIKES!!

I filed my return in the nick of time to the USPS earlier today. The latest Post Office in ALL of Connecticut closed at 530! Honestly, why bother with a 11:59 pm deadline?!

Anyway, I digress. --- because I would have caught the error if I had that extra few hours to re-review my return before I filed it ... or maybe I should just get my taxes done before April 15th : )

So .... I e-filed and then mailed at the USPS, my 1040V with payment of $4000. When I was preparing my return, I kept seeing this number (4783) of extra taxes on one of the forms and was wondering what it was. I double checked everything (or so I thought). We also heard alot of people were owing taxes this year, and considering the new tax laws, it seemed reasonable that we would owe (even if we usually got a 1k refund). So needless to say, I didn't think too much of it.

So later this evening, I thought well, let me look into that and double check a few things.... low and behold, I found my error (entered a w2 box 12 item as unpaid ss tax instead of 401k contribution .... Holy COW, I'll never make this mistake again!)

===> So that brings me to my question.

From what I understand, since my return was filed (and accepted, ... it was rejected last year, why couldn't that have happened this year?), ...then I cannot revise it, but have to wait until the IRS "processes it" in order to file an amendment. .... So I was wondering, won't it take the IRS like 6 months or more to return my money, or maybe they even mess things up and never return my money???

So, here's the other kicker ... in my mad rush, I didn't realize (or forgot, who can remember what they did yesterday, much less a year ago?!), forgot to include the W2 which actually would make it an easy catch by the IRS. So now I think I have to wait for them to mail the request for the W2, then I reply, .... and so on and so on .... meanwhile they have my $4000 hijakcked!

.... SO, CAN (and should) I PUT A STOP PAYMENT on my check?

ItsDeductible Online

Best answer by AnnetteB6

No, you should not put a stop payment on the check. As your return stands right now, the IRS expects that payment and stopping the payment may complicate things further.

Since you electronically filed your return and it was accepted by the IRS, you can amend it now. Also, there was no need to mail a copy of the W-2 with your payment since the return was filed electronically.

See the instructions below to learn how to amend your return.

https://ttlc.intuit.com/replies/7276605

A

AnnetteB6Answer

No, you should not put a stop payment on the check. As your return stands right now, the IRS expects that payment and stopping the payment may complicate things further.

Since you electronically filed your return and it was accepted by the IRS, you can amend it now. Also, there was no need to mail a copy of the W-2 with your payment since the return was filed electronically.

See the instructions below to learn how to amend your return.

https://ttlc.intuit.com/replies/7276605

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J

joydionne3Author

Thank you for your quick reply. I thought I read somewhere that you can't file an extension until the IRS "processes" your claim, which is something like 3 weeks after you file.

Also, I beleive the instructions that printed with the payment page for IRS 1040 said to attach the w2.

I beleive they will need the physical w2 since that is where I made he error? ... or do they have it already from the employer, independent of any thing I input on TTax or send in the mail?