Eddie903
Level 4
04-06-2021
01:14 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Client requested his refund and wanted $600+ deferred, received refund and was charged deferral amount so received less than expected. Is there a reason they wouldn't allow the deferral?
Best Answer Click here
Labels
qbteachmt
Level 15
04-06-2021
01:15 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
"Is there a reason they wouldn't allow the deferral?"
It's not a Refundable Credit; that means if the money is already in the hands of the IRS, there is no reason to Defer, as one answer.
"so received less than expected."
Exactly.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
Level 15
04-06-2021
01:21 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If they had a refund, IRS just reduces the refund, you cant defer if you already paid it in.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪