What if your tax refund is wrong?April 17, 2015
Through early April, the IRS has sent out more than 77 million tax refunds. The average check amount is $2,800.
In most cases, the refund amounts are just what the filers expect. But occasionally, a tax refund is wrong.
In some cases, it’s less than what was figured on the 1040. Every now and then, it’s more.
Regardless of whether the refund discrepancy goes against you or favors you, some steps can be taken to resolve the matter. That way, even if you or the tax collector isn’t necessarily satisfied with the eventual amount, you’ll at least understand the mathematical misinterpretation. Read more in the bankrate.com.
Thomson Reuters, Tax & Accounting