Adjusted Tax Return

[Mcooper]

I filed through turbo tax with an estimated refund of $4899, I received a $2000 refund advance through them, and then when checking my transcripts, my refund amount was adjusted to $1899. I’m assuming due to the child tax credit advance. Does anyone know what is expected when you get a higher refund advance than what your return is. I’ve be never had this happen before. Holding out hope they won’t realize and I’ll still get a refund.

[Likely Story]

Let me fix this for ya.

So you filed without claiming the advanced child tax credit hoping you would slip through a crack. Then you knowingly took a refund advance from TT against what you knew was the wrong amount on your return. Now you are worried about the possible repercussions for committing fraud against a company that literally has all of your financial info.

[Author]

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