Quote:
Originally Posted by DETRoadster
Why ask an accountant when you can ask randos on a car forum?! 
So I DO have this question out to my accountant but he's out of office for a few days so I figured I'd see if anyone here has had a similar situation and what they did.
So based on our tax return, my wife and I were supposed to get $2k~ish back. Our accountant failed to check the direct deposit box this year so we ended up getting a paper check. The check is for nearly $6k. WTF?! 
I mean, cool. I like $$$. But I'm scared to cash the damn thing. It would be just like the IRS to send us too much, catch the error 3 years later, then charge us interest on the overage.
Anyone ever have this happen and what did you do? |
Quote:
Originally Posted by kscarrol
I would deposit the check but don't spend it in case the IRS comes back for it. I have had my tax person make mistakes either way (owe more or less) and the IRS will adjust the return and send you either a check or bill, depending...
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^This.
Have you reviewed the tax return documents? If you can see how the calculation is coming up with the refund amount and it appears reasonable and prudent, and the tax accountant confirms it's accuracy, then you are probably good to go.
If the amount owed back to you on the tax forms is not the same as the check received, then you probably need to have the acct reach out to the IRS and resolve the issue.
Source: I am a licensed CPA.
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