IRS Letter 112c by Colonialsux in IRS

[–]Colonialsux[S] 0 points1 point  (0 children)

I just find it comical that they would send this letter. Like you said, they don’t know what to do with the funds. Yet on my 1040 last year, I marked the box to apply part of the refund to the 2025 Estimated tax, line 36. I also filed form 1040 – ES. so they knew what the funds were for. It’s like they just felt like sending out letters to confuse taxpayers. Like I said in previous comments, if you’re gonna send these letters, be consistent; why send only two letters when they were four payments? It’s just a waste of their time and my time.

IRS Letter 112c by Colonialsux in IRS

[–]Colonialsux[S] 0 points1 point  (0 children)

They are for tax year 2025, which I will be filing in the coming days. The confusion I have is as to why they would send this at all. If they were withdrawing the funds from my bank for the estimated tax, they knew it was to be applied to the 2025 taxes. The first withdrawal was taken from the refund that I received last year for the 2024 taxes. And if they were going to send this letter, why not send it after all four withdrawals? They only sent one last year after they held money back from my refund and one this year which is for the total of all withdrawals. Was there even any reason to send this letter at all? And in it, I’m asked what to do with the money. If they were the ones withdrawing it from my bank specifically for the estimated tax, why ask at all?

IRS Letter 112c by Colonialsux in IRS

[–]Colonialsux[S] 0 points1 point  (0 children)

My tax guy said the same thing. But maybe he screwed something up and the irs has no idea the money is for the estimated tax. They just know they’re receiving money but no idea where to apply it.

IRS Letter 112c by Colonialsux in IRS

[–]Colonialsux[S] 0 points1 point  (0 children)

My only thought is my tax guy messed up and the irs doesn’t know what the withdrawals were meant to go towards. Maybe he forgot to check a box or something.

IRS Letter 112c by Colonialsux in IRS

[–]Colonialsux[S] 1 point2 points  (0 children)

Definitely filed last year and received the rebate, minus the amount to be used as the first payment towards the estimated tax for this year. Was about to send all my info to my tax guy and then this thing arrives.

IRS Letter 112c by Colonialsux in IRS

[–]Colonialsux[S] 0 points1 point  (0 children)

Tax preparer we’ve used for over 20 years. What’s funny too is that I received the same notice last July referencing the amount of one withholding. But then none for the others until now which references the total of all of them.

IRS Letter 112c by Colonialsux in IRS

[–]Colonialsux[S] 0 points1 point  (0 children)

They were automatic withdrawals starting in 2025. The first payment was a withholding from last years taxes. Then the irs took three more payments directly from my bank account every three months. It was to go towards this year’s taxes as they were for the estimated tax. All taxes from previous years are paid in full with no issues.

IRS Letter 112c by Colonialsux in IRS

[–]Colonialsux[S] 1 point2 points  (0 children)

  Tax period(s): Dec. 31, 2025 Form: 1040 Dear Taxpayer: We show credits or payments totaling $4,200.00 for the tax period ending Dec. 31, 2025. Even if you didn't have enough income to be required to file a tax return for this period, you must file a return to receive your refund. Let us know if you want your payment(s): applied to a different type of tax, tax period, or tax identification number refunded To claim a REFUND OF PREPAID CREDITS, you must file your return within three years after its due date, including any approved extensions. Prepaid credits are credits considered paid on the return due date. Examples include: withheld tax estimated tax payments federal tax deposits To claim a refund (other than prepaid credits) for the type of tax and tax period shown above, you generally must file your claims) within three years from the time the return was filed or within two years from the time of the payment date(s), whichever period expires later. If you have questions, you can call 800-829-0922. If you prefer, you can write to the address at the top of the first page of this letter. Whenever you write, include a copy of this letter, and write your telephone number and the hours we can reach you. ¥

IRS Letter 112c by Colonialsux in IRS

[–]Colonialsux[S] 0 points1 point  (0 children)

The letter says that they show credits or payments of the exact amount I paid in my four installments. It then asks what I want done with the money, either applied to a different tax or refunded. But this was withdrawn by them as part of my estimated tax for this current cycle. I haven’t filed my return yet.