Question: Tax Question - Earned Income Credit Overpayment? My wife and I filed our taxes with the 1040 form. We dropped this information off to our tax consultants.  When we picked it up they told us we are getting $4870 back.  Yesterday I was filing and I noticed that she left out a W2 for $10,775.  I checked online and the EIC should have been $2219.  That is a $2,651 difference.  We already received our return and spent it.  I am very concerned because we dont have the money to replace this.  I was wondering what the IRS usually does in this siutation.  I was told that sometimes they will just take it out of next years return. Can some please help me answer this question?

Answer: The tax consultant should be responsible for the mistake.  Go back to them and have them rectify the situation.  It might mean repaying the over-payment, true, but the IRS is good about payment plans.
This question from the Yahoo Q&A forum is categorized in the topic: Science & Mathematics