I owned a business and in tax year 2016 I had a refund for over $4k. My accountant recommended applying said refund to following year.?
My business has since closed. Can or is there a way to request that refund now?
- Beverly SLv 76 months ago
The next year would have been 2017.... It should have been applied to that years taxes.
- Casey YLv 76 months ago
Call that same accountant...
- Max HooplaLv 76 months ago
If you designated the over-payment as a 2017 estimated tax payment you need to file a tax return for 2017 to get it refunded.
- StephenWeinsteinLv 76 months ago
Yes. File a tax return for the following year now, accurately claiming that there is no tax for that year (because the business was closed) and the amount applied from the previous year, so your refund for the "following year" comes out the same as the amount applied.
But hurry up. No refund can be issued if you don't file within 3 years of the due date.
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- Wayne ZLv 76 months ago
Did you file returns for 2017 and 2018?
- 6 months ago
Did the business file a return the next year? If no, then it needs to.