I filed my taxes in Feb and got a refund but then amended them in April and had to pay....?

Question

When we paid in April, after speaking with the IRS, I paid everything we owed minus the $1800.00 we would have gotten with our stimulus check. Then I got a notice in the mail Monday that I was supposed to be getting a stimulus check for $1200.00 (which is based on how I first filed). So am I getting a check or not? I'd rather have the IRS take it so I don't owe them but if they are sending it I could sure use it.

Answer 1

No, you will not receive a stimulus check.  You had an $1,800 debt with the IRS.  That continues to grow each month until paid in full.  Your $1,200 stimulus rebate will be applied against it.  With 2 months worth of late payment penalties and interest, you still owe the IRS about $636 or so.  Get your check in the mail to them ASAP as the debt will continue to rise until you pay it off.

You made a major mistake in presuming that you would receive any specific rebate and not paying the IRS in full with the amended return.  Your rebate is based upon the original return as filed, NOT the amended return.  Further, the $1,800 debt would accumulate penalties and interest until your rebate was cut and offset against the debt so even if you were entitled to an $1,800 rebate, it would not be enough to pay the IRS in full.

Answer 2

More than likely IRS will offset your stimulus.  IRS will send you a letter letting you know the stimulus was offset.

Answer 3

Look I am not in agreement that anyone of us should just get a check from our Federal Government!  Your attitude is quite repulsive to me expecting to get a check.  You'll get what you get, and I would  hold onto that money for awhile, because if you refiled your taxes and they impacts the check you've already received, you may own more taxes...

Answer 4

They won't send you a check.  The letter means that you are being issued a payment, but it will be used to offset taxes you owe.

You should call the IRS and find out what your stimulus payment is.  It is possible that your payment is $1,800, or it is $1,200.  No way to tell from your information.  

If it is $1,200 of course you will have to send in an additional payment.

Answer 5

The IRS website tried to address this in the Q/A for the stimulus.  The site did remind people that interest and penalties would accrue from 4/15 and that the IRS would not waive these.  Despite the media, the IRS has *always* said that taxpayers could expect $300 if they qualified.  $600 was only if you paid that much in income tax.

Your amended return won't be completed until sometime in July.  The amended return simply flags the account so, the stimulus letter you got was generic because it doesn't know that you owe.  You will not receive a check.  The $1200 allocated to you will sit on the account, dated 6/13.   When your amended return is completed, any balance due will be backdated to 4/15.

When completed, your amended return will show a balance due of $1800 which is backdated to 4/15.  4/15 to 6/15 will make the amount owed $1836.  Your stimulus letter states that the amount applied to your account 6/13 will be only $1200, so by your own records, as if 6/13, you still owe the IRS $636.  If you wait for the amended return to get done, you will get a letter saying you owe $650.

Get your checkbook and send the money in!