Tax Return - Is it possible to owe money one year and receive refund next year under the same status/situation?
-
Hi there: In 2010, I was working for a company and filed my tax return. I was expecting to receive some refund however, IRS came back to me and said I actually owe $1,000. (I think my heart stopped for few seconds!) I talked to IRS personnel but it seemed like it's their finalized report so I paid for it unwillingly...just because people say "Don't mess with IRS". For 2011, I have just found out that I did receive some refund this time. Though I'm pretty happy about it, following the last year's result I was expecting I would owe again...why is this possible? Several things that I need to remind you... 1) When I made the payment for 2010, I did not owe anything from previous years. 2) I remained the same status through these tax years. (Single, Fereral/State exemptions were 2 in the both years) 3) I am not a resident of the U.S. and I worked for the company for one year using OPT opportunity. (one year of work permit that is given to those finished college in the U.S.) Thus I was exempted from social security and medicare taxes. If it happens I give up on fighting against IRS but if it shouldn't happen I would like to appeal if they could review/make corrections on the 2010's although I did make the payment already. It was and still is helluva money for a recent graduate. Funny thing is that all of my international students friends who went through this under the same status received refund. I could consult with CPA or some specialists but they charge too much and I wanted to ask you guys first. Thank you for reading this and have a good one! :)
-
Answer:
You can go to an IRS walk in office and ask to talk to a supervisor who may be more aware of your type of return. There is no charge for it. Sometimes the individuals processing the returns are not paying attention of the type of program you are filing your return. Hope it works for you.
Doll at Yahoo! Answers Visit the source
Other answers
Yes, it is entirely possible unless you had an exactly identitcal year and tax law changed in no way.
Pascal the Gambler
Go to H&R Block and get a free Second Look. You absolutely can oweone year and get a refund one year. Something was obviously different.
Cathi K
if you consider the fees CPA'a charge too high there are other tax practitioners who are not as expensive and it sounds like you possibly would benefit by someone examining your returns
tro
did you file a 1040-NR one year and a 1040 the other?
Lynne
Related Q & A:
- What is tax return and how it works?Best solution by Yahoo! Answers
- Is it true that California won't get a tax return?
- Is it possible to study abroad in the same country for more than one year?Best solution by usnews.com
- How much should I expect on my Tax return?Best solution by Yahoo! Answers
- When will I get my Federal tax return?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.