How To Reclaim Tax

By: Esther Lowery

Break Studios Contributing Writer

Do you feel like you paid too much tax on your tax return and want to know how to reclaim tax. Paying taxes in itself can be a complicated process and stressful time of the year. Occasional mistakes can be made due to the tax return filling process, which can cause for an individual to overpay on their taxes. There can be a few different causes for the tax mistakes such as a human error or computer error. Also, if an individual changed jobs a couple times throughout the year this can also play a role in a tax mistake. If you have discovered that you've overpaid and need to reclaim taxes there are few things that need to be done.

To reclaim tax you need:

  • relevant financial documentation (i.e. copies of tax returns, amendment form)
  1. Gather all of your financial documentation. Any documents that you have will help the process, such as pay stubs and copies of tax returns.
  2. Write a letter to the IRS for paper filed taxes. If you filed your tax return on paper, no amendment form is needed to reclaim your taxes. Just write a letter to the IRS address on your tax return. Include any original return papers with any changes highlighted clearly. Quote the relevant return page numbers and box numbers on the return that were changed.  
  3. Make an amendment online if you filed taxes online. Just log into Self Assessment for your tax return online to make an amendment. Fill out the amendment form 1040X.
  4. Contact your employer to inquire for you. In some cases you can go straight through your employer for them to inquire about your overpaid tax. Inform your employer that you believe you overpaid taxes on our tax return and that you would like them to inquire about the possible mistake.
  5. Waif for your employer to contact the IRS. Once you make your employer aware of this information they will contact the IRS to get the error corrected. The IRS will then be able to check your file for any mistakes with all the relevant documentation that they have on file.
  6. Wait to receive your refund. If the IRS verifies that a mistake was made and that you paid too much tax on your tax return, they will issue you a tax refund.
Posted on: Oct. 18, 2010