I do not like generally accepted accounting principles

Speaking on the IRS, they received $12,000 of a 23 year Transamerica pension. $4,000 was voluntary and overpaid. Don't know if my amounts were individual 28% or capital gains %40, but like social security, $8,000 USD taken was out of my control.

So no, I did not open a bank account with the IRS. Such a thing does not exist. But I just entered an installment agreement for 2016, due to a clerical error. It would have been nice to apply the acknowledgement of the overpayment to the 2016 deficit and erase the debt, but only in a perfect world.

I dialed the toll free IRS numbers and was told the overpayment amount had been applied as a receipt for 2017 refund; so no, I could not apply the 4,000 2017 overpayment to the 2016 debt. I had already received my refund. But I thought the 2017 overpayment was based on $12,000 dollars, not a number like four thousand something, which I actually received? IRS bookkeeping sucks; but it was worth the phone call to find my title is true. I hate GAAP