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zoncad
New Member

I filed a return and it had an error making me owe money. With the Unemployment break it balances out and I'm owed money. should I amend my taxes or wait for the IRS?

There was an error in my original return where I didn't claim all of my stimulus money.  The IRS notified me of the error and corrected it on there end. This took me from a refund to owing about $300 or so.  Then the tax break for the unemployment wages was issued and when I did an estimated return with the new info, I should now be getting around $900 as a refund.  Should I file an amended return or wait out the IRS for them to correct everything for me?
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2 Replies

I filed a return and it had an error making me owe money. With the Unemployment break it balances out and I'm owed money. should I amend my taxes or wait for the IRS?

WAIT.    The IRS does not want a bunch of amended returns for the unemployment tax law change.    They are recalculating refunds and taking care of it at their end.   And anyway--never send in an amended return while they are still processing the first return or you just create confusion and delays.   WAIT.

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
zoncad
New Member

I filed a return and it had an error making me owe money. With the Unemployment break it balances out and I'm owed money. should I amend my taxes or wait for the IRS?

Thank you so much for the quick response.  However, when I check my "refund status" on the IRS website, it notes that I need to "take action".  This is because of the original error.  So, I fear they are no longer "processing" my return and are just waiting on me paying this.  If you still think I should wait, I will adhere to the advice.  I don't want to make anyone else's refund take even longer by adding another unnecessary amended tax file.

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