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CLIENT CHARGED DEFERED SELF EMPLOYMENT EVEN THOUGH REQUESTED DEFERRED.

Eddie903
Level 3

Client requested his refund and wanted $600+ deferred, received refund and was charged deferral amount so received less than expected.  Is there a reason they wouldn't allow the deferral? 

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qbteachmt
Level 15

"Is there a reason they wouldn't allow the deferral?"

It's not a Refundable Credit; that means if the money is already in the hands of the IRS, there is no reason to Defer, as one answer.

"so received less than expected."

Exactly.

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"Level Up" is a gaming function, not a real life function.

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2 Replies 2
qbteachmt
Level 15

"Is there a reason they wouldn't allow the deferral?"

It's not a Refundable Credit; that means if the money is already in the hands of the IRS, there is no reason to Defer, as one answer.

"so received less than expected."

Exactly.

*******************************
"Level Up" is a gaming function, not a real life function.

View solution in original post

Just-Lisa-Now-
Level 15
Level 15

If they had a refund, IRS just reduces the refund, you cant defer if you already paid it in.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪