Hello my boyfriend filed his taxes on the 16th. Simple return with one job and four dependents. However today he received a 1099r in the mail from some money he got after his mom passed away. Should he wait until he gets his refund to amend or will they hold his refund until he does it? I’m getting a lot mixed answers and we just wanna do what’s best. He shouldn’t owe any money he should get more because of the 1099.
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.
If you left out a W-2, 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 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. You cannot e-file an amended return. They have to be mailed, and it takes at least 2-4 months for the IRS to process an amended return.
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
No predictions about what the IRS will do--ever.
I get 1099’s all the time for misc things and I have never filed them with the IRS.Going on 25 years IRS is busy and it’s easily overlooked unless your looking at a 1099 for 50k or something then yea maybe you better pay just in case you get caught.Anything 10k hell no im not voluntarily giving you some money.Cone and get me!!!Hopefully this illegal advise helps
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