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?

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  • 6 months ago

    The next year would have been 2017.... It should have been applied to that years taxes.

  • 6 months ago

    Call that same accountant...

  • 6 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.

  • 6 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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  • 6 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.

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