Has anyone received their refund for an amended 2022 federal tax return?

[R1Sky Business]

Another update - just saw my notification of incoming USPS mail and a check from the Department of Treasury is coming today.

So, unless I'm getting a windfall through some other means, the timeline is as follows:

filed amendment 3/23, adjustment made 5/5, check received 5/8.

We all love the IRS.....Even the pessimists around here ?

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[MileHigh]

Echoing other’s experience for another data point. Filed my amended return on March 28th. Got a physical letter that stated the IRS received my amended return April 29th and got the refund check on May 1st. Was very surprised it took only a month in total!

 

[freshpow]

The IRS will issue a refund automatically and only a flag for a later audit will result in a denial of any deduction or credit claimed.
Good luck to all that are claiming based on the BPA as it very clearly fails the guidelines that the IRS issued.
Not only will repaying the $7,500 hurt, the added sting of penalties and interest are like salt in a wound.

Rivian BPA:
As part of the consideration you provided to Rivian for this Order, one hundred dollars of the deposit amount you submitted with your preorder/reservation becomes non-refundable.

IRS definition of a binding contract:

• does not limit the damages a buyer or seller can receive for a breached contract, such as forfeiting a deposit or paying a pre-determined dollar amount or a percentage of the total contract price for the vehicle.

There are numerous clauses in the BPA that cause a hard "fail" on being a binding contract, but all it takes is one - and it is clearly spelled out by Rivian and the IRS. Unfortunately, the IRS guidance/definition wasn't published until after Aug 16th and manufacturers did not have the chance to draft a qualifying binding contract.

Note the CYA by Rivian:
4. Disclaimer of Tax Eligibility. Rivian cannot guarantee that you will be eligible for any tax credits because you signed this Agreement. You are responsible for your own personal tax situation and determination of eligibility for credits and incentives for Federal, State, and Local taxes. Rivian does not guarantee the actions or determinations of the Internal Revenue Service or any other tax authority, and Rivian is under no obligation to defend you in disputes with any tax authority. Rivian makes no representations under this Agreement as to pending or future legislation.

Your on your own folks, Good luck to you all.

Ok Gary.

 

[Foobar]

Mail received - it's for the full amount and a tiny bit extra (+ $17.28) not sure what that's for but I imagine the letter that's coming will explain it.

 

[R1Sky Business]

Echoing other’s experience for another data point. Filed my amended return on March 28th. Got a physical letter that stated the IRS received my amended return April 29th and got the refund check on May 1st. Was very surprised it took only a month in total!

Full $7500????

 

[R1Sky Business]

We're going streaking!!!!!! ?

 

[R1Sky Business]

Echoing other’s experience for another data point. Filed my amended return on March 28th. Got a physical letter that stated the IRS received my amended return April 29th and got the refund check on May 1st. Was very surprised it took only a month in total!

IRS efficiency

 

[MileHigh]

Full $7500????

Full $7,500

 

[R1Sky Business]

Full $7,500

Congratulations man. Make sure you celebrate ?

 

[sillyME]

Has anyone filed the amendment after 4/18/23 delivery, but with a 08/15/22 binding contract?

 

[Autolycus]

Mail received - it's for the full amount and a tiny bit extra (+ $17.28) not sure what that's for but I imagine the letter that's coming will explain it.

IRS does actually pay interest on "overpayments", which is technically what your $7500 is.

Stop and Start Dates for Overpayment Interest
In general, we pay interest on the amount you overpay starting from the later of the:

• Tax return filing due date
• Late filed tax return received date
• Date we get your return in a format we can process
• Date the payment was made

We stop paying interest on overpayments on the date we refund your overpayment (and interest) or offset it to an outstanding liability.

Exception: We have administrative time (typically 45 days) to issue your refund without paying interest on it.

 

[electruck]

For those whose amended return has already been processed, was the amended return filed electronically or mailed - and if mailed, to which center?

 

[Foobar]

For those whose amended return has already been processed, was the amended return filed electronically or mailed - and if mailed, to which center?

Mine was filed electronically via Turbo Tax.

 

[Tonka]

Has anyone filed the amendment after 4/18/23 delivery, but with a 08/15/22 binding contract?

I am also interested in this if anyone has done it

 

[R1Sky Business]

I am also interested in this if anyone has done it

Main issue is that they appear to have accepted the CONTRACT. I'm calling it.... We're good! ?

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