I received a refund that is more than I should have received because I've discovered I made a mistake on my return. I have not yet cashed this check. What should I do now?
by 3 hours ago
ANSWERS: 3
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Many mistakes are corrected in processing and a letter of explanation is mailed at the time the refund is issued. If the mistake was not corrected in processing, you need to file an amended or corrected return using Form 1040X (PDF), Amended U.S. Individual Income Tax Return, as soon as possible. Include copies of any schedules that have been changed or any Form W-2 (PDF) you did not include. If you return the refund check with a letter of explanation, a refund in the correct amount will be issued when the amended return processes. -
Cash the check and worry about it later. They have cheated you much worse than you are "cheating" them.
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Ususally they revise your declaration and explain changes if you made a mistake, whatever they're giving you is what they officially think you sould be getting and will just sit in a file forever unless they have a reason to audit you.
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