Question

Owe an addition $5.00 to IRA and $2.00 to Illinois

Forum|Forum|5 years ago
April 2, 2021
1 reply
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I just got a new K-1 that I did not expect. It will actually be 3 K-1's as there is more than 1 entity. I filed a few weeks ago and $812 is being electronically paid April 9. I already paid Illinois the $10.00 I owed. Should I refile both for the $5.00 and $2.00 respectively?

A

AnnetteB6

Yes, since you are reporting information from a new K-1 that was not included in your original return, you will need to file an amended return for both Federal and your state.

It is usually best to be sure that your original return has been fully processed before filing an amended return. This is just to avoid any possible issues with having more than one return in process at the same time. Since you set up the Federal payment date for April 9th, wait until after that payment has been processed to file your amended return.

See the following information for instructions to amend your 2020 return: How do I amend my 2020 return?

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