Received refund check for estimated payment applied to 2019 instead of 2020

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  • #8902
    jreality
    Participant

    Received a large refund check today for an estimated payment I made in July that I accidentally applied to 2019 instead of 2020. I was led to believe applying to prior year didn’t matter. Today I received large refund check for that amount I had paid in July, plus interest. Is there a way I can have the IRS cancel the check I received today and apply the original amount paid in July to 2020?

    If not, then does this mean I will have to deposit this check and then immediately make an estimated payment for 2020 since I’m now underpaid?

    Will I now also to pay penalty plus interest, when I file for 2020, since I’m now 5 months late on the July 2020 estimated payment? If this can be corrected by having them cancel the check, let me know which number to call. Thanks. J.

    #8905
    kaneohe
    Participant

    try 800-829-1040 you might get lucky

    #8909
    jreality
    Participant

    I was able to get through (after reading through an article on how to get through to a live person and trying it twice) Was told I could void the back of the check, return it with an explanation and it could be applied to 2020. I was given a Refund Inquiry address to mail it back to so that’s what I did. Thanks.

    #8910
    kaneohe
    Participant

    clever and hard work win again!!

    grats!

    #14164
    jreality
    Participant

    Well, now I’m stressed out, because I’m still waiting for the USPS return receipt to arrive back. The letter wasn’t delivered until 12/31 and the return receipt didn’t show up in tracking until 1/6 but there have been no updates on it since the 8th.

    Also I received a 1099 from the IRS (actually a statement) for the interest portion of the check and I can only hope the check did arrive at the correct location (since tracking said it was delivered to a P.O. box even though it was addressed to a street address). I can only hope that they will eventually apply my original payment to 2020 and reverse the interest and issue a corrected statement. Not sure when all this will occur. Would be nice for the return receipt to eventually arrive back.

    Looking for reassurance that what I was told when I spoke to the IRS is correct, meaning that the IRS will be able to cancel the check and issue a corrected 1099 indicating I did not receive interest for 2020, and apply the original payment to 2020. I just hope I won’t be told that they can only issue a new refund check or something like that.

    • This reply was modified 1 week, 4 days ago by jreality.
    • This reply was modified 1 week, 4 days ago by jreality.
    • This reply was modified 1 week, 4 days ago by jreality.
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