Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Refund and Amount of Tax Owed Workout

Workout Resources

Publication 4491 Refund and Amount of Tax Owed

This lesson provides links to resource materials and practice to help you determine if taxpayers have overpaid their tax (and may be owed a refund) or if they underpaid (and have a balance due to the government). This part of the return is a summary of the tax, credits, and payments. Begin this lesson by reviewing the Refund and Amount of Tax Owed lesson from Publication 4491.

Use your resource materials to apply what you've learned in the Refund and Amount of Tax Owed lesson:

  • Identify the applicable section and lines of Form 1040 for the refund or amount owed
  • Report the correct amount of refund or amount owed
  • Identify the refund options available, including the purchase of savings bonds
  • Describe the different payment options for the amount owed
  • Revise the amount of tax withheld or make estimated tax payments to avoid underpayment of taxes
  • Identify the purpose and determine how to complete the Third Party Designee portion of the tax return and determine its purpose
Graphic of hand weights.