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Level 2
posted Mar 15, 2022 4:10:23 PM

double tax on amended return with TT

amended return, old 'refund' applied to 2022 $3707

new amount owed $842

of course TT wants bank info to pay the $842

new refund applied to 2022 is $2865

If the new tax of $842 is paid via check or bank debit then that's double tax.

Since I am still overpaid, I'll wait a good while till TT gets this fixed!!!!

0 4 478
4 Replies
Level 2
Mar 15, 2022 8:01:43 PM

well it looks like TT has a $842 refund and then I pay $842

this would be zero additional tax with a reduction in refund applied to next year.

 

I tried to back everything thing out, the $842 refund is unmediatable

I call this a 'feature' (read bug) and not acceptable! 

Level 15
Mar 16, 2022 6:12:43 AM

old 'refund' applied to 2022 $3707

new amount owed $842"

 

If you want your original refund applied to 2022 you must do that on your 1040 and then you can't change it.

 

If you try to do it on your 1040-X it will cause issues because IRS is going to do what your 1040 said to do.

Only an additional refund should be marked to apply to 2022 on 1040-X

Level 2
Mar 17, 2022 9:08:33 AM

I don't care to pay $842 and have my applied to 2022 reduced, that is what is happening.

 

Level 15
Mar 18, 2022 4:25:01 AM

" that is what is happening."

 

If you don't pay amount you owe,

eventually you will get a bill for $842 plus interest and penalties. And your 2022 credit from Form 1040 will still be in your IRS account.

 

If you see an amount on 1040-X line 23, something is not right.

 

Bank info is meaningless, you can't have electronic withdrawal for 1040-X.

But it does work for some state amended returns.