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April 9, 2021
Question

Why would my Federal refund turn into a debt when changing a Financial group name?

  • April 9, 2021
  • 1 reply
  • 0 views
I was getting a refund until I had to take out a period after Inc on a name and then suddenly I owe.

1 reply

Employee
April 9, 2021

Is this your own company?  Your screen name suggest that you have a business.  If so, you may need to file a C Corp, S Corp, or Partnership tax return.  (A company name that ends in Inc. is usually a C Corp.)