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April 23, 2025
Question

Interest for additional taxes based on 2022 amendment

  • April 23, 2025
  • 1 reply
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Based on the amended tax return for 2022, I should've received less federal refund for 2022. How should I pay the difference back to IRS? Is it in the next year (2025) filing or as part of this amendment filing? Will IRS apply any penalty or interest for all 3 years for this additional tax?

1 reply

CatinaT1
April 23, 2025

You will make your payment with the amendment. The IRS will add interest back to the due date of the original return. You will likely get a bill in the future for the interest.

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April 23, 2025

Thank you! And in case of overpayment in 2022, would IRS pay interest to me?

CatinaT1
April 23, 2025

Yes, they would! They will also send you a 1099-INT so you can claim that interest as income.

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