I submitted my tax return via TurboTax. TurboTax claimed a federal refund of $1,145 was accepted. When I checked my bank account, I'd received a deposit from TCS TREAS 449 of about $879. I've called the Treasury Offset Center to see if there's been a refund offset, but they claimed there was none. Anyone have an idea what might've happened? TurboTax did not take a cut, btw.
MadMan
Favorite Answer
First, when you submitted your tax return, the refund amount was NOT accepted - the IRS carries out various basic checks to see if there are, for example, arithmetic errors. if there are none, then the return is accepted. Now, as to the actual amount received, you will get a separate letter from the IRS explaining why there is a difference.
Eva
Review your return. There may have been a credit that wasn't applied or you weren't eligible for, or some other error. If the IRS changed your return for some reason, you should get a letter in 10 days - 2 weeks explaining the difference.
Judy
Accepted does not mean approved. Accepted just means it has passed some very basic verification. It still has to be processed. You will get a letter in a week or two from the IRS saying what the problem was.
tro
forget this term 'accepted' it doesn't mean that the information you submitted has been 'accepted' as valid and are refunding what you claim, they can find errors in your calculations or premises and reduce your refund
normally you will have a notice of the change in your refund
StephenWeinstein
They might not have reduced it. Sometimes, they send it in more than one deposit, meaning that the send some of it immediately, and some of it later.
If it is reduced, which it might not be, then they will send you a letter by U.S. mail telling you why.