Overpaid taxes? Will I receive refund or do I have to ask?

Question

Hi. If I filed an extension and sent in an amount I estimated to be the taxes owed, then upon actually doing the taxes found that I overpaid the initial estimated amount owed, do I have to request the refund or will the IRS automatically send the difference back to me?

Hi. This is for 2005 taxes. I sent in the prepared 1040 and now realize I overpaid--I forgot to add in the taxes I prepaid at the time I filed for extension. Essentially I paid my owed taxes twice. I know, I'm an idiot. In my defense I was positive I paid a large amount at the time I filed the extension but could not find any proof of it (moved twice--paperwork everywhere) but have now found the proof I paid.

Answer 1

Once the IRS receives and process' your return any overpayment that you made will be sent back to you. The normal processing time frame for an Amended Return is 8 to 12 weeks.
There is a possibilty that you may get paid interest on the over payment. This interest will be taxable to you in the year that you receive it.

Answer 2

When you file the actual tax return, at the bottom of the form is a box to check whether you want a refund of overpayments or if you want it applied to next years taxes. If you check refund, your check will be sent with no further paperwork from you.

Answer 3

You can file an amended return, and get it in a month or two. Eventually they'd catch it, and send you your refund automatically, but that can take a couple years.

Answer 4

the irs will never automatically do anything but audit people. submit the proper papers or form for your refund.

Answer 5

This will work it's self out when you file your tax forms.

Answer 6

They may automatically refund. I'd ask for it though because who knows how long you'll have to wait??? Charge THEIR a$$ penalties and interest!!!