Question

Overpayment Refund

Forum|Forum|3 years ago
October 15, 2022
2 replies
0 views

My tax Preparer mistakenly put my estimated taxes (26) under federal tax withheld (25c). Instead of getting the refund (35a), I got the refund plus the estimated taxes. Questions: (1) Do I have to file a 1040X to amend the return? (2) Do I contact IRS office handles the erroneous refund (Topic No. 161)?

The refund was a direct deposit to my checking account.

Not A Product Question

VolvoGirl

Employee

I would wait. They should catch that and send you a bill for difference on line 25c when they see the withholding is too much.

X

xmasbaby0

Employee

If you had a "tax preparer" who made a mistake then that tax preparer should be the one who prepares and files an amended return for you.

CAN I USE TURBOTAX TO AMEND IF THE RETURN WAS PREPARED SOMEWHERE ELSE?

If you did not use TurboTax to prepare your tax return, it is possible to amend the return using TurboTax but it will really be a pain. It would be better to use the software or service used to file originally. If a paid preparer made a mistake on your tax return, that tax preparer should do the amended return for you at no charge.

In order to use TurboTax to amend your return, you need to purchase the desktop software for the tax year and re-create the return EXACTLY as it appeared when it was filed with the IRS/states. Every line has to be the same. Then you have to "trick" the software into thinking you filed by saying you will mail the return. (but do not mail it) AFTER that, you use the software to prepare a Form 1040X, which has to be printed, signed and mailed to the IRS. It takes the IRS about 3-4 months to process an amended return

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

F

Flex2009GOAuthor

Can I contact the IRS without filing for 1040X? Do I have to file the 1040X? My tax preparer said there is no need to file the 1040X because the refund is the same. I don't trust him.

VolvoGirl

Employee

Well he's right about that. If you move the estimated payments to the right spot on line 26 it won't change the end result. Wait for the IRS to catch it. They should eventually ask for it back.