Hey everyone. I put in how much I paid in child care, the childcare providers name & address. But accidentally put “tax exempt” 😭 will I have to amend my taxes?
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Where did you put "tax exempt?" Huh?
It asked me for all the above info (how much I paid, address, and provider name) it asked for the EIN and I put that I didn’t have it. Then it asked why I didn’t have it. I put that the provider was tax exempt by mistake. & filed the taxes that way. So now I’m wondering if I’ll have to amend because of the mistake.
Did you click that big orange button that said “Transmit my return now?” If you did that, you cannot do anything to fix it yet. You have to wait for the email that tells you if your return was accepted or rejected.
Since the IRS will not begin to accept/reject returns until January 26, you are going to be waiting in “pending” for awhile. Your return is sitting on a server, where you cannot fix it or get it back.
You cannot change or add anything on the return that you just e-filed, nor can you stop it. It is too late, just like when you put an envelope in a US mailbox on the corner. The IRS does not allow you to take it back.
If you left out a W-2, a 1099G, or a dependent, or a 1099 etc…DO NOT change your return while it is “pending.” The changes will go nowhere.
Now you have to wait until the IRS either rejects or accepts your return. If your return is rejected, you will be able to go into your account and make the necessary changes to your tax return and re-submit your return.
If the IRS accepts your return, however, then you have to wait longer until it has been fully processed and you have received your refund. THEN you can prepare an amended tax return and e-file or mail it in. You have to be able to work from that return exactly the way it was when it was e-filed originally. You will need to use a form called a 1040X.
Meanwhile, DO NOT go in and start changing anything on your return in the system, or you will make a mess for yourself. Sit tight and wait until you see what the IRS does with the return you just e-filed
The Form 1040X you need becomes available in late February, But wait until your return has been processed.
Yes I transmitted it, I guess I’m basically just wondering if since I did provide the address to the daycare and name of the daycare, if they’ll change it for me, or if I will definitely have to amend the return.
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