Go Back   CDN Business Directory > Main Category > Taxes

 
 
Thread Tools Display Modes
  #2  
Old 02-29-2004, 08:37 PM
BILLW
Guest
 
Posts: n/a
Default Re: Child tax Credit left off tax retrun!

"John Baker" <Baker.JH[at]Verizon.net> wrote:

- quote -

> We just filed our return (fed) and then realized that we had
> a $400 child tax credit that we had not included. How should
> we deal with this? Does this require an amended return, and
> will if impact our refund?


If the IRS doesn't catch it, then you have to an amended
return. And your refund will be reduced by $400.

bw

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #1  
Old 02-29-2004, 07:38 PM
Barney Bird
Guest
 
Posts: n/a
Default Re: Child tax Credit left off tax retrun!

"John Baker" <Baker.JH[at]Verizon.net> wrote:

- quote -

> We just filed our return (fed) and then realized that we
> had a $400 child tax credit that we had not included.
> How should we deal with this? Does this require an
> amended return and will if impact our refund?


IRS should make a "math error" correction that will reduce
your refund by the $400 omission. Don't do anything until
IRS is done processing your return. The math error process
typically adds at least 4 weeks to the normal processing
time.

Barney Byrd

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 
Old 02-29-2004, 07:17 PM
Phil Marti
Guest
 
Posts: n/a
Default Re: Child tax Credit left off tax retrun!

John Baker <Baker.JH[at]Verizon.net> writes:

- quote -

> We just filed our return (fed) and then realized that we had
> a $400 child tax credit that we had not included. How should
> we deal with this? Does this require an amended return, and
> will if impact our refund?


Wait for contact from IRS. You overstated your refund by up
to $400.

Phil Marti
Topeka, KS

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #-1  
Old 02-26-2004, 05:12 PM
John Baker
Guest
 
Posts: n/a
Default Child tax Credit left off tax retrun!

We just filed our return (fed) and then realized that we had
a $400 child tax credit that we had not included. How should
we deal with this? Does this require an amended return, and
will if impact our refund?

Thanks

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

Tags
child, credit, left, retrun, tax
Similar Threads
Thread Forum Replies Last Post
who should take child credit?
dennis: my fiance and myself had a baby in 2003. she has a 5 year old daughter from a previous relationship. she made approx. $14000 in 2003 and got the...
Taxes 2 02-03-2004 01:49 AM
Child Tax Credit
Juan: We have 4 children ages 20 - 17. H& R Block has not allowed us to claim our children as dependent once they turned 17. So now we are not getting...
Taxes 12 11-09-2003 06:41 AM
Child Tax Credit advance check for deceased child
Matthew Seitz: My only child died in 2002. I received a 2003 Child Tax Credit advance check. What should I do with the check? <<...
Taxes 8 08-17-2003 03:39 AM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 09:25 AM.