IRS and Tax Filing Issues
in Business, Accounting & Taxes ·
Carol Price4 said:When I fill out my sales tax forms, I only include the credit from the most recent filing—not the whole accumulated amount.
Earlier this year, I tried to roll over some accumulated sales tax credits into my corporate income tax.
I went down to the IRS office with my paperwork from back in 2015—including the request for the rollover and the adjustment voucher—and they told me to just resubmit the last sales tax return. They said to mark it as a refund request instead of a credit, and to only report the amount from that final filing regardless of the total credit, and then they’d handle the rest.
Fast forward thirty days, and they notify me that the refund was approved, but they haven't done the rollover at all... so I head back there, and the clerk tells me the check is being mailed tomorrow. I'm like, "Wait, what? We asked for a rollover, not a check!" She just shrugs and asks why I marked it as a refund in the first place. 🤣
Well, I told her, "That's exactly what you guys told me to do!" So she calls someone into the room where I originally filed (it was a total mess there after the new administration took over), and suddenly she realizes, "Oh, okay, everything is fine, we'll do the rollover." 😁
Honestly, it feels like half these agents don't have a clue what they're doing...
Hello everyone,
I also have accumulated sales tax credits, and I’m about to have a corporate income tax bill coming up. I’d love to apply those credits toward the income tax, so could someone please help me figure out how to properly draft the request for an offset and let me know if there are any specific supporting documents I need to attach? Thanks in advance.