Just showed up today. $881.78 to be exact. It says tax refund on the bottom but our taxes have been done and paid in for over two months. Our accountant has no idea as neither he or us received a notice of over payment. He says he will look into it and to just deposit it in our account or hang onto it. We will put it into our savings until we find out what this is about.

We haven't gotten a tax return in years we always owe something at the end of the year. Any handout they give us always goes right back to them in taxes owed anyhow.

Maybe an overpayment refund due to a tax rate change

Covid economic impact payment?

Who knows how the IRS operates.Years ago I got a check from the IRS for ~$2000. It was exactly the same amount of a payroll tax payment I had made a month or so previously. I knew better than to deposit it.This was back when you could actually talk to the IRS so it was corrected with a couple of phone calls. But not before getting another nasty letter from IRS demanding ~$2000 for payroll taxes.

I wouldn't deposit the check until you know the answer.

My dad got a check plus interest and had no idea why. We signed up and into his tax account online with the IRS and found they had refunded his quarterly estimate. He didn’t put the right information on the check and/or didn’t send the right slip with it so the IRS had no idea what to do with the check he had sent them.

The point of my story is: sign into your tax account online and see what it says.

Cash it and be prepared to give it back. Fuck the IRS

It's not like you can reach anyone to get an explanation

I'm letting the accountant chase it down. I'm not going to spend hours on the phone with those dolts at the IRS trying to figure it out. Our quarterly's are more than that so it's not a screw up of them returning it. Just a weird amount and it does say tax refund on it.

I'd love to put it towards a new CZ shotgun I've been admiring but not planning on spending this mystery check. I'll deposit it as I don't like uncashed checks laying around.

This has happened to me with the State refund. My CPA said to cash it but be ready to send it back. Reached the state folks by phone and they insisted it was a proper refund. Nine months later they wanted it back.

Invest in Nigerian Gold Mining Stock Certifcates, ut be prepared to give it back to IRS.

quote:

I wouldn't deposit the check until you know the answer.

Never cash or deposit an IRS check unless you know what it is for. If an error was made by you or IRS & the check is deposited you are liable for any applicable penalties & interest. If you determine the check was in error it must be returned to IRS.

quote:

Originally posted by Anush:

quote:

I wouldn't deposit the check until you know the answer.

Never cash or deposit an IRS check unless you know what it is for. If an error was made by you or IRS & the check is deposited you are liable for any applicable penalties & interest. If you determine the check was in error it must be returned to IRS.

Yes, I made that original statement based on experience.

Is that the CZ Teal o/u?