2007-05-15 10:37:04 · 6 answers · asked by tina82054 2 in Business & Finance ➔ Taxes ➔ United States
u bet they will
2007-05-15 11:24:56 · answer #1 · answered by april76270 3 · 1⤊ 2⤋
They'd have to pay it back, not show it on their tax return.
If you receive a refund from state or local taxes that you took an itemized deduction on, you do have to claim that as income in the following year.
2007-05-15 17:56:51 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
If you got more than you were expecting, the IRS will notify you as to why they paid you more than you claimed. The most common reason is a math error. They get those right most of the time, but wait for the letter before you decide what to do. If it was just the correction of an error on your return, it's your money to do with as you please.
2007-05-15 18:00:44 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Did you receive a letter from the IRS saying that you were overpaid? It is possible you had a math error on your tax return and when the IRS corrected it you received more than what you thought you would.
2007-05-15 17:51:59 · answer #4 · answered by Jerry G 1 · 2⤊ 0⤋
Yes, but they will charge you interest back to 4/15 of the previous year so the amout they reduce your refund by will be larger than you expect.
2007-05-15 17:51:31 · answer #5 · answered by Wayne Z 7 · 0⤊ 1⤋
best believe they will get their money back one way or another.
2007-05-15 17:40:15 · answer #6 · answered by saffron 3 · 0⤊ 2⤋