The IRS sent us two identical refunds, one direct deposit and one by check. The check came first. Do they charge interest?
2007-03-21 07:07:08 · 10 answers · asked by rache 1 in Business & Finance ➔ Taxes ➔ United States
www.irs.gov will have a contact number. Contact them today and report the error asap.
2007-03-21 07:11:10 · answer #1 · answered by wizjp 7 · 1⤊ 0⤋
What a terrible subject. It should not be unbearably long to get yet another verify, and notwithstanding financial business enterprise cashed the verify gets what's coming to them! Ouch! Mailbox robbery has substitute right into a greater substantial concern the previous couple of years. to cut back your possibilities of a concern, (a million) constantly deposit mail interior the best containers interior the submit place of work, (2) interior the destiny, tutor the IRS to electronically deposit your refund into your financial business enterprise account, (3) and, in case you could cope with the inconvenience, you will get a locking abode mailbox or perhaps pay the few money to get a submit place of work field. additionally, i'm beneficial you have heard the suggestion experts furnish each and consistent with annum, telling people to alter their deductions by their business enterprise so as that they do no longer get carry of tax refunds. besides the actuality that many people like getting a reimbursement, the experts' suggestion remains good: instead of loaning Uncle Sam your no longer hassle-free-earned money, you could take the greater money you get carry of in the process the year, place it in a financial business enterprise account and then draw it out around tax refund season in case you like.
2016-10-01 07:04:22 · answer #2 · answered by fabbozzi 4 · 0⤊ 0⤋
If you cashed the second check, you're looking for trouble.
After the IRS does a reconciliation of the checks they have sent out, they will discover their mistake and send you a demand notice for repayment.
You have committed a fraudulent act.
I would highly suggest you return the money ASAP with an attached letter indicating your mistake.
2007-03-21 07:14:09 · answer #3 · answered by bold4bs 4 · 0⤊ 0⤋
DO NOT USE THE MONEY!!! Contact the IRS first and check what was the mistake made...If by any chance you use the money and they find out you did not tell them...they will assume that you did this with ill intentions, and WILL fine you for it...long story short, Don't mess with the IRS!!
2007-03-21 07:12:52 · answer #4 · answered by jessica g 2 · 1⤊ 0⤋
There should be no intrest if you report the duplicate payment to them in a timely manner.
2007-03-22 10:26:04 · answer #5 · answered by growing inside 5 · 0⤊ 0⤋
You owe the IRS that money
Will you get caught if you keep it? Probably yes.
Owe interest. Probably not.
2007-03-21 07:16:08 · answer #6 · answered by Gone Golfing 2 · 0⤊ 1⤋
When they ask for it back, you'll have to come up with the money.
2007-03-21 07:21:58 · answer #7 · answered by Judy 7 · 0⤊ 0⤋
They will do something sooner or later. Don't mess with them.
2007-03-21 07:11:30 · answer #8 · answered by Pluto 3 · 0⤊ 0⤋
No, but you will have to repay one of them.
2007-03-21 07:14:15 · answer #9 · answered by hisangel28 2 · 0⤊ 0⤋
Talk to your CPA.
2007-03-21 07:28:47 · answer #10 · answered by Anonymous · 0⤊ 1⤋