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Started By
Message
Filing an Amendment - Help
Posted on 4/18/17 at 4:11 pm
Posted on 4/18/17 at 4:11 pm
Brother did his taxes on turbo tax and screwed up - ended up including a document that he should have given my parents for them to include on their return - and he ended up owing money. I filed an amendment and it went from him owing roughly $1200 to him being owed roughly $1800. This amendment was mailed and will obviously take time for it to register.
This morning he sees that the IRS has credited his account for the $1200. So now a few questions:
1) Never filed an amendment before, so not sure how this works. But will they ignore it or will they honor it?
2) What kind of time frame is he looking at now for his amendment to come through?
3) Should I make an appointment with the IRS in New Orleans?
Like I said, never been in this situation before so am looking for someone who has. TIA
This morning he sees that the IRS has credited his account for the $1200. So now a few questions:
1) Never filed an amendment before, so not sure how this works. But will they ignore it or will they honor it?
2) What kind of time frame is he looking at now for his amendment to come through?
3) Should I make an appointment with the IRS in New Orleans?
Like I said, never been in this situation before so am looking for someone who has. TIA
1
Posted on 4/19/17 at 9:28 am to tigerbaittrick
1. They won't ignore it. They'll review it and if it's legitimate they'll process it.
2. 1-2 months.
3. Not yet. If they don't accept it, maybe then.
2. 1-2 months.
3. Not yet. If they don't accept it, maybe then.
Posted on 4/19/17 at 12:43 pm to The Spleen
Appreciate it. The reasoning I used for his amendment was that the 1098T should have been filed on parents return. Hopefully that is a valid reason.
Posted on 4/19/17 at 12:57 pm to tigerbaittrick
It is, but I'm not sure how including a 1098T generated a $1200 balance due, but removing it generated a $1800 refund. 1098T is for college tuition, which generates credits and deductions, so including it should have reduced the tax liability, and removing it should have increased it.
Posted on 4/20/17 at 8:33 am to The Spleen
quote:
It is, but I'm not sure how including a 1098T generated a $1200 balance due, but removing it generated a $1800 refund. 1098T is for college tuition, which generates credits and deductions, so including it should have reduced the tax liability, and removing it should have increased it.
Yeah that's what I was thinking. To have the situation OP said, you'd have to be including income that doesn't belong to you
Posted on 4/20/17 at 9:37 am to Weagle25
quote:
you'd have to be including income that doesn't belong to you
In a sense he was. The 1098T includes monies from grants and such. Total Grants minus the tuition left him with a large sum of cash to use for rent, books, food, etc. This money was being taxed as additional income.
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