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Old 06-30-2003, 06:14 PM
pboulware
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IRS Tax Refund

What is the name of your state? California

The IRS keeps sending me a federal income tax refund (5 figures) from my 2000 individual tax return (form 1040) that I shouldn't be getting. The first year I returned the check explaining they made a mistake. The second year I did not cash the check. This year I got another refund check with two years interest added. What are the consequences if I just put the check in the bank knowing that they have made an accounting error. Would the IRS ever find the mistake, and if so, what would happen after I've already cashed the check?
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Old 06-30-2003, 07:36 PM
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Join Date: Aug 2002
Location: Washington
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Put the check in a separate acount until May. The IRS has until 4/15/2004 to issue a deficiency notice for 2000 taxes, assuming you filed your return on time. After 3 years, they can't assess a deficiency or make you pay the money back.
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