Get refund that was applied

[JackieCPA]

With everything now - I have  a lot of clients that asked for their refunds to be applied forward wanting to actually get the refund instead. Their returns already being filed - is there a way to do this? 

[ILLMAS]

Have your clients call this number 800-829-1040.

[Abby Normal]

If you choose to have an overpayment of tax credited to your estimated tax, you can’t have any of that amount refunded to you until you file your tax return for the following year. You also can’t use that overpayment in any other way.

https://www.irs.gov/publications/p505#en_US_2019_publink1000194714

[TAXMAN]

Once efiled and applied I do not think you will get it until you file next year. Someone might know a way.

[Pacun]

how about 1040X?

[Lion EA]

It won't be "new" refund on 1040X. It's already applied based on original 1040.

[Pacun]

How about another 1040 that will supersede the current filing? We have until July 15th to file.

[Lion EA]

You can't e-file a superseding return, and the IRS is NOT processing paper returns.

[Pacun]

8 minutes ago, Lion EA said:

You can't e-file a superseding return, and the IRS is NOT processing paper returns.

It was just a thought.

The IRS is accepting paper returns and they will be processed in August the the post marked stamp will stand, correct?

But it is good to know that once you applied a refund for next year, it is hard or impossible to get it back.

[Lion EA]

I thought the IRS said to NOT mail any more returns.

[Terry D EA]

I've only heard that they are not processing any mailed returns cause there is no one there to handle them. However, they are processing EFTPS enrollments. Just finished one tonight that was applied for last week. I had a client mail a trust return certified mail with return receipt. That was two days before the announcement by the IRS that trust return filing deadline had been extended as well. That's twice the IRS has gotten me this year. I did inform the client that the mailing receipt with the tracking number was evidence of the mailing in the event it gets lost. After this mess is over, I feel there will be another jumbo mess coming. Am I the only one????

[jklcpa]

What are they going to do with paper-filed 941s and people that have sent in payments by check?

[WITAXLADY]

I heard they were marking the pallets with that date!!

[Jack from Ohio]

On 4/16/2020 at 10:15 AM, JackieB said:

With everything now - I have  a lot of clients that asked for their refunds to be applied forward wanting to actually get the refund instead. Their returns already being filed - is there a way to do this? 

Short answer - NO

[DANRVAN]

On 4/17/2020 at 6:17 PM, Terry D said:

However, they are processing EFTPS enrollments.

That is a whole different department, and I believe the process is basically automated.

[Randall]

On 4/17/2020 at 5:02 PM, Lion EA said:

I thought the IRS said to NOT mail any more returns.

I thought I read somewhere in all this for people to go ahead and mail paper returns, they just wouldn't be processed yet.

 

[Randall]

On 4/16/2020 at 10:31 AM, ILLMAS said:

Have your clients call this number 800-829-1040.

Is this perhaps a special consideration under the current circumstances?

 

[Roberts]

The fax numbers for getting Power of Attorney have been busy for weeks.

If they aren't going to process the mailed in forms - how are we supposed to get transcripts to file a return for last year?

[Abby Normal]

It's too bad that not enough tax pros used the eservices POA feature, so the IRS eliminated it. Would be really handy right now. I really, really miss EAR, too.

[Max W]

One thing that I am 100% sure is that the checks are being processed.  That was the one thing that got done during the 5 week budget shutdown and the gov't needs the money now more than ever.

[Jack from Ohio]

On 4/21/2020 at 10:09 AM, Randall said:

I thought I read somewhere in all this for people to go ahead and mail paper returns, they just wouldn't be processed yet.

 

Anything paper filed, will take at least a year to be processed.  IRS is renting trailers to store all paper returns, until this virus thing is over.  Paper filing will mean extremely long wait for it to be processed.