Do I need to send anything in if amendment e-filed?

Forum|Forum|4 years ago
April 14, 2022
1 reply
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Hi. I’m hoping you folks can help me with this…

I filed electronically with TTax and it was accepted by the IRS for EFT -- tax payment due on April 15th.

Yesterday I got an amended 1099-DIV from my broker. It was a simple update to the 1099-DIV form, box 5: "Section 199A dividends create a taxpayer-favorable federal income tax deduction. They are reported in Box 5 of Form 1099-DIV and should be reported on a taxpayer's federal income tax return."

When I started the amended return TTax reset my taxes owed field to zero. When I entered the new 199A amount TTax showed a refund due. This refund on the amended return was much smaller than the original taxes owed amount scheduled for EFT.

After electronically filing the amended return, on the Print and Save Your Tax Return screen, TTax said “Print and Mail These Forms to the Government. Even though you e-filed, don't skip this paperwork. These forms are required by the government to complete your return." so I clicked on "Print Forms".

The only thing that printed was a page of IRS addresses to send payments to, followed by a payment voucher with a new "Taxes Owed" number that was pretty close to the amount owed on the original filing -- the difference being approximately equal to the original amount owed less the refund from the amended return.

I don’t get it. Are they going to cancel the direct withdrawal EFT scheduled for the 15th, meaning that I should now send them a check for this new amount? Or do I just send the voucher in without a check? Or do I print a new complete copy of my amended return and mail it? If so, same question about payment? Or will they simply change the amount they pull on the 15th to this new net amount?

This is confusing to me and I hope someone can help clarify it.

Thanks in advance…

Best answer by AliciaP1

Your first draft you set up will still process. Amended returns take a while to be processed by the IRS so there will be no adjustment of the draft. You should not file the amended return without reporting this draft as a "payment with original filing". Then the amended return should show a small refund and the IRS will send this to you when they process the amendment.

@Howard_Woodard

fanfare

Employee

base on what you and others are posting recently about TurboTax amendment,

it sounds out of whack (i.e. incorrect results).

You should always review your 1040-X before you submit it.

Don't submit a 1040-X that you don't understand. (too late for that now).

Howard_WoodardAuthor

Thanks for taking the time to reply.

Not sure what I said that made you think I didn't review or didn't understand what I was submitting before submitting.

The question has to do with the EFT handling. Will the one set up for the first filing (1) still happen, (2) be amended to the corrected value, or (3) be canceled and I will need to send in a check with the payment voucher generated by the amended return?

But to your reply, incorrect from what? What do you think/know that it should be?