“Tax” Assessed (refund issued larger than actually due)

Home Forums Member Forum “Tax” Assessed (refund issued larger than actually due)

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #13842
    chad
    Blocked

    If a taxpayer was issued a much larger refund than they were actually due, then the IRS assessed a ‘tax’ for the difference, could this refund overpayment qualify for an OIC? (Assuming their financial circumstances are going to change and they won’t be able to pay it all with an installment agreement.)

    #13919
    Eric Green
    Keymaster

    Chad, I am just a little unclear: they got the money and knew it wasn’t theirs but spent it anyway, or were they audited and the adjustment happened? If it is the first scenario I admit I have never seen that, but see no reason it cannot be compromised. It is just weird. What tax year did this happen for?

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.