Ammended Return for 2020

Forum|Forum|5 years ago
February 28, 2021
10 replies
7 views

Good afternoon.

I just filed a return for 2020 (Feds and California), it was accepted, I owe (Feds and California), and I automatically scheduled the payment to occur on April 1.

However, I just found out that that return is not correct and I am actually due a refund (Feds and California).

Do we know when I can e-file an ammended return (1040x)? I heard it will not be until March 25,2021, but was hoping to confirm. When I go into TurboTax PC it says the "... the IRS is still working on finishing up the Amended Return area (Form 1040X) for 2020."

Also, will I have to pay the original amount on April 1, then get that money back plus the refund or will they be able to stop the original return, just process the ammended return, and just get the refund?

Finally, it looks like the Feds accept e-file ammended returns, but does the state of California or will that have to be paper?

Any help you can provide would be greatly appreciated.

Thank you.

Cynthiad66

Level 14

You will be able to amend around March 25. The original return will be processed as is. There is no stopping the processing of the return once you hit transmit unless it is rejected.

You are able to cancel your payment: How to Cancel a Payment

Once your return is accepted, information pertaining to your payment, such as account information, payment date, or amount, cannot be changed. If changes are needed, the only option is to cancel the payment and choose another payment method.
Call IRS e-file Payment Services 24/7 at 1-888-353-4537 to inquire about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling.
Cancellation requests must be received no later than 11:59 p.m. ET two business days prior to the scheduled payment date.

Once you cancel the payment you can amend the return. Now this is not a quick process. Being able to e-file the Amended Return is awesome but processing will take a few weeks.

If you need additional assistance, please contact us again.

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markdmorAuthor

Level 2

Thank you. Do you know if I will be able to file an electronic amended return for California also? If so, will that also be around March 25?

Cynthiad66

Level 14

No. You will lneed to print and mail in your California return. You can prepare your Amended return using TurboTax for Free. Follow the instructions below.

By the time you get to the Important: Read and Follow Your California Amend Instructions screen, we’ve already transferred info from your federal 1040X to your

California amended return.

Move through the following screens to review your info and make any needed changes.

Review/update your California return

Final steps

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