43

Unfortunately after 3-years you forfeit your refund. This means the last chance to get a refund for your 2014 return would have been Tuesday, April 17, 2018 (October 2018 if you filed for an extension). This sounds like tax-preparer fraud, could be worth filing a complaint via Form 14157 Edit: As @MarkOmo pointed out it looks like 14157 is the proper form ...


19

The amended return Form 1040x has a different calculation for the `Refund or Amount You Owe' section than the original 1040, you use the amount you owed or amount overpaid from the original return to offset the impact of the amended return. This calculation assumes the refund/payment has been made already. So deposit your refund check, then file the amended ...


8

Answer to question as amended by OP's comment. Since you did not sign the amended return paperwork, there is no amended return that has been submitted to the IRS (even if IRS kept a copy of the submitted paperwork in its files). At this point, you have several options. You can just forget the whole thing. Your accepted return is your tax return for ...


7

http://www.irs.gov/irm/part21/irm_21-004-005r.html#d0e1966 You have 21 days to fix the problem in most circumstances. Read the rest of that page to see which category of erroneous refund you have, and you will get some more details on what you should do and how to file. You could also visit a local IRS office if you have one and try to arrange repayment ...


6

Yes, you can cash the check now, but with the caution that if your amended return causes you to owe much more, you should immediately file and include payment with your amended return to avoid interest and penalties.


6

Is this the kind of thing to send an amended tax return over? No. If the error didn't result in more credit, it's because you've already gotten the maximum credit/benefit available to you. The IRS does indicate that people should file an amended return if they didn't claim the correct filing status or they need to change their income, deductions, or credits....


5

You need to read closely that original letter about the $2000. It probably says something like "due to.... we adjusted the numbers on your return" (or whatever the wording on CP2000 is nowadays, which is probably what you've got). What it means is that your original return has changed and now has the numbers they mention. On your 1040x, these numbers should ...


4

Is it true that you cannot amend a tax return to include both a futures loss carry back and a Schedule C at the same time? No, it is not true. You can include all the changes necessary in a single amended return, attaching statement explaining each of the changes. However you're talking about two different kinds of changes. Futures loss carryback is a ...


4

You're looking at the wrong subsection. The one that discusses your situation is 26 USC 6013(g) (on the same page you linked). It says explicitly that you cannot revoke the election after the date on which the return is due. If you're filing a joint return - it will be based on 6013(g), not 6013(b). So if you filed as MFJ, you cannot change it after April ...


4

You should speak to a good tax adviser. The less documentation you have the more problems IRS are going to cause you. Generally you can deduct business losses (in the year they occurred, which is 2011), but you have to show that that was a valid business, not just a way to reduce your tax bill with personal expenses. Thus lack of documentation reduces your ...


4

According to TurboTax: Of course. In fact, the government doesn't want you to amend until you've already gotten your tax refund. You're free to cash your refund check or spend it once you have it. You don't need to wait for your amendment to finish processing, which can take another 3-4 months. If you owe money after amending, you'll just ...


4

When you write the check and mail it, the donation occurred from your point of view, no matter when it's actually cashed. For example, from the NY Community trust's page on the matter: A charitable gift by check is effective when the check is delivered or mailed, as long as the check clears in due course, even though a donor theoretically could stop ...


4

Since you already got the refund, this is a standard 1040X situation. No definitely don't wait until the IRS bills you, they won't send you a letter on it until it's after the filing deadline when you could owe penalties and interest. When you complete the 1040X you'll have an amount on line 20 that you owe. You can pay that by a variety of methods, ...


3

For planning purposes, here is how you might get a rough estimate of what the maximum interest + penalties could be. Interest According to Tax Topic 653, the interest is calculated at a rate of the federal short-term rate + 3%, compounded daily. The federal short-term rate is currently 0.64%, so for our rough estimate, we'll assume a rate of 3.64%. (...


3

Yes. You can file an amended tax return (form 1040X) and include the additional files. The Internal Revenue Service (IRS) knows the tax code is complex, and that people make mistakes. It will not be viewed negatively on you. It would be worst if you found out you made a mistake and did not attempt to correct it.


3

It is probably the tax refund for the previous year (also reported on 1099-G). Look in the "Income" section of H&R Block where to write down the information about the state tax refunds.


3

File a 2nd amended return that corrects the mistake I made on the 1st amended return This. Pay the $500 before April 27th and try to get it back later This.


3

As a nonresident alien, you cannot file a joint return with your US citizen spouse; your tax status is MFS. But, with the consent of your spouse, you can elect to be treated as a US citizen/resident for tax purposes, and you can file a joint return with your spouse should it be your joint pleasure to do so. This election makes you liable to pay Social ...


3

No, amending a return allows you to correct misstated facts, or choose an alternate permitted tax treatment consistent with the facts, but not to calculate as if something happened in a way other than it did. There does not appear to be any provision allowing you to retroactively treat such a payment as being made in a different year.


3

The problem is likely that you sent in a return and was supposed to follow it up with the money. But then you didn't. That lack of payment has now triggered a chain of events where they are expecting money from you. You may painted yourself into a corner, because the computer system is looking for money. It is complicated because the amount of money to be ...


2

You're supposed to file a 1040X (amended return) and include the missing information about the 1099-R, even though there is no additional tax due. It's a straightforward form and not too much of a hassle. If this will stress you even a little, take the 15-20 minutes to file the 1040X. You could also just wait -- there's a chance you'll get a letter from the ...


2

CA tax returns must be submitted in paper by mail, or through e-file. Fax is not an option. Amended forms must be filed on paper, if I remember correctly. More details here. Letters you can fax, yes. Make sure you get the correct fax number and call to confirm they got it. But better send certified mail, as well.


2

Everything is possible. If you paper-filed there could be myriad of different issues that can cause problems. Bad OCR during the scan, someone missed a page, god knows what. That is why e-filing is much preferred - will be processed much faster and with way less possibilities for error. I think now you can e-file amended returns as well, not sure. ...


2

If you did not itemize your deductions in the previous year, and therefore did not receive a credit for the state taxes you were refunded, you do not need to declare the state refund as income in the subsequent year. If you did not itemize your deductions in the previous year, do not include the refund in income. If you deducted the taxes in the previous ...


2

If I recall, you send the 1040X, and only the forms that changed, no need to send entire return or even 1040.


2

I think you can go with option 2, but I'm not sure TurboTax supports it. It will probably want to generate an amended form for you.


2

http://www.irs.gov/taxtopics/tc503.html says you can deduct "Any prior year's state or local income tax you paid during the year." So I would say as long as you have good records, you can deduct the excess refund you had to pay back in the year in which you paid it. Whether or not your return was amended shouldn't affect whether or not it is deductible.


2

If you get 1099-G for state tax refund, you need to declare it as income only if you took deduction on state taxes in the prior year. I.e.: if you took standard deductions - you don't need to declare the refund as income. If you did itemize, you have to declare the refund as income, and deduct the taxes paid last year on your schedule A. If this year you're ...


2

You are allowed to file an amended return up to 3 years after the original return due date. Right now, a 2013 tax year return, due in April of 2014 can still be amended. You are asking about a return after that, so you should be fine.


2

You can amend an amended return the same as the original. The IRS will keep each version of your taxes submitted. However, I think you need to call and speak to an agent in both tax agencies. You have effectively amended a return for a previous tax year with a document for the current tax year. An agent might be able to remove the amended return without ...


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