|
#3
02-25-2005, 07:08 AM
| |||
| |||
 Re: Amended return now or later? Thomas Healy <tomhealycpa[at]earthlink.net> wrote: - quote - > I'd wait until the IRS hits your account in March, and then
Thanks, Thomas and Bill!> file the amended return before April 15; there should be no > additional penalty. -- Best regards Han email address is invalid << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#2
02-25-2005, 02:46 AM
| |||
| |||
| Re: Amended return now or later? Han wrote: - quote - > Dear All:
this should be a lesson to you, along with some of my> I just yesterday received another 1099DIV. I should have > been aware that I needed to receive one more (compared with > last year's I didn't have it yet this year). Nevertheless, > I just filed my Fed taxes and told them to take the too big > chunk out of my checking account March 1 (there is already > penalty attached, ~$50). > I now owe another ~$160 according to Taxcut. > Since the 1099DIV will be reported to the IRS I will need to > file an amended return. Question is when. Should I wait > until after March 1 so my initial payment has been handled, > or should I do it sooner? Or should I wait until April 15? clients in fact. WAIT till you have all your tax information before filing. In your case IF you know you have everything now, there's nothing to be gained by waiting. Bite the bullet. ChEAr$, Harlan Lunsford, EA n LA thu 24 Feb 2005 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#1
02-25-2005, 01:48 AM
| |||
| |||
| Re: Amended return now or later? "Han" <noone[at]nospam.invalid> wrote: - quote - > I just yesterday received another 1099DIV. I should have
I'd wait until the IRS hits your account in March, and then> been aware that I needed to receive one more (compared with > last year's I didn't have it yet this year). Nevertheless, > I just filed my Fed taxes and told them to take the too big > chunk out of my checking account March 1 (there is already > penalty attached, ~$50). > I now owe another ~$160 according to Taxcut. > Since the 1099DIV will be reported to the IRS I will need to > file an amended return. Question is when. Should I wait > until after March 1 so my initial payment has been handled, > or should I do it sooner? Or should I wait until April 15? > Thanks in advance for your advice! file the amended return before April 15; there should be no additional penalty. -- Tom Healy, CPA Boulder, CO Web: http://www.tomhealycpa.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
02-25-2005, 01:48 AM
| |||
| |||
| Re: Amended return now or later? noone[at]nospam.invalid (Han) wrote: - quote - > I just yesterday received another 1099DIV. I
The key issue here is to allow your first return time to> should have been aware that I needed to > receive one more (compared with last year's I > didn't have it yet this year). Nevertheless, I just > filed my Fed taxes and told them to take the > too big chunk out of my checking account > March 1 (there is already penalty attached, > ~$50). > I now owe another ~$160 according to Taxcut. > Since the 1099DIV will be reported to the IRS > I will need to file an amended return. Question > is when. Should I wait until after March 1 so > my initial payment has been handled, or > should I do it sooner? Or should I wait until > April 15? work its way through the system. If you file too soon, your 1040X will not have a return "registered" for amendment. So allow enough time for your original return to clear. One sure sign would be the withdrawal of funds from your checking account. Once that happens on March 1, then you can safely file the Amendment -- knowing your initial return has been processed. Bill << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
02-24-2005, 06:58 AM
| |||
| |||
| Amended return now or later? Dear All: I just yesterday received another 1099DIV. I should have been aware that I needed to receive one more (compared with last year's I didn't have it yet this year). Nevertheless, I just filed my Fed taxes and told them to take the too big chunk out of my checking account March 1 (there is already penalty attached, ~$50). I now owe another ~$160 according to Taxcut. Since the 1099DIV will be reported to the IRS I will need to file an amended return. Question is when. Should I wait until after March 1 so my initial payment has been handled, or should I do it sooner? Or should I wait until April 15? Thanks in advance for your advice! -- Best regards Han email address is invalid << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| amended, return |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| What to attach to amended return Arthur Kamlet: TP, under the influence of turbotax, took schedule C expenses on a 2106 instead of directly on Schedule C. Since a 2106 was in the original... | Taxes | 3 | 05-09-2004 10:44 PM | |
| Amended Tax Return Jim Foyle: My broker at the last minute sent me corrected 1099-DIVs and 1099-INTs. The corrections are to my advantage, and increase my refund. The problem... | Taxes | 7 | 04-08-2004 06:26 PM | |
| Re: Do I need to file an amended return? Seth Breidbart: sabex <rableach@NOSPAMyahoo.com> wrote: > I don't know much about qualified vs non-qualified > dividends, but it seems to me that if I treated... | Taxes | 1 | 04-05-2004 08:31 PM | |
| Amended return once, can I do it again? Vigo: I filed my tax return as soon as I received all of my 1099s - I wanted to get it filed early because I needed to fill out the FAFSA as soon as... | Taxes | 10 | 03-05-2004 06:37 PM | |
| Amended Return? JB: My 18 year old son just went online and electronically filed his taxes via the H&R Block Web Site. The problem is he checked box 6A (1040)... | Taxes | 2 | 02-10-2004 03:30 AM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
