Just amended my tax return! I received the tax return last week. Will the IRS penalized me for the amendment?

[AnthonyC · Accepted solution]

There are no penalties simply for amending your return.  If you owe money, you still have until April 17th deadline to pay before any penalties or interest would begin to accrue.  You also could be subject to a normal underpayment penalty if you owe more than $1,000 in tax overall and, in that case, penalties or interest would still apply.