Taxes owed

Forum|Forum|4 years ago
May 18, 2022
6 replies
40 views

I sent in the wrong amount that I owed on my taxes. The feds already cashed it, but the paperwork has not been processed. Do I just wait?

Best answer by NCperson

then just send in the difference..... the sooner the better because there may be some interest charges later. Making the payment will shut off the interest clock.

Mike9241

Level 15

well if you sent too much, just wait. if you sent too little, then you are going to owe the taxes + probably late payment taxes and interest. wait for the bill.

Mike9241

Slucchesi5Author

Level 2

That’s what I was thinking. 🤦🏻‍♂

NCperson

Level 15

did you pay more than you owed or less?

if you still owe, send in another check for the difference

if you are now due a refund, wait for everything to process - they may send back the difference automatically

Slucchesi5Author

Level 2

I owe more. I shorted the check.

NCpersonAnswer

Level 15

then just send in the difference..... the sooner the better because there may be some interest charges later. Making the payment will shut off the interest clock.