Question

Do I have to pay the amount on my original return which was wrong due to a turbo tax problem on QBI. I owed $3,000 now I owe $11?

Forum|Forum|7 years ago
June 4, 2019
1 reply
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If you are doing an amended return after already filing the return with the $3,000 liability, I would only send in the $11 with the amendment.

Be aware, you may get a bill after 4/15 for the large amount, but do not pay it. There is a significant processing time for amended returns (8-10 weeks). However, the IRS gives you 120 days to "pay". The amendment will be accepted by that time and your account updated.