My 2020 return has been accepted by the IRS. Why d...
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theory980
New Member

My 2020 return has been accepted by the IRS. Why do I need to wait until the end of March to file an amended return?

My status clearly states the return was accepted. It says I have to wait until March 25th to file it and doesn't give an explanation as to why.
5 Replies
macuser_22
Level 15

My 2020 return has been accepted by the IRS. Why do I need to wait until the end of March to file an amended return?

Did you accidentally press the amend button?

 

https://ttlc.intuit.com/community/amending/help/how-do-i-cancel-or-undo-an-amended-return-in-turbota...

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
fanfare
Level 15

My 2020 return has been accepted by the IRS. Why do I need to wait until the end of March to file an amended return?

you should wait until your return is approved and processed.

Meanwhile TurboTax doesn't turn on Form 1040-X until later.

That's their policy. Later you will be able to e-File 2020 Form 1040-X. This will be much faster than filing on paper.

theory980
New Member

My 2020 return has been accepted by the IRS. Why do I need to wait until the end of March to file an amended return?

Okay so, you’re saying “approved” and “processed” are steps after the return is currently “accepted” by the IRS? How could TurboTax know the IRS would have that done by then?

fanfare
Level 15

My 2020 return has been accepted by the IRS. Why do I need to wait until the end of March to file an amended return?

If you get a refund, you can check your refund status online.

If you don't get a refund, you can assume your return was approved until you hear otherwise in a letter from the IRS.

often the IRS corrects errors for you and will notify you and then you don't have to file any amendment.

theory980
New Member

My 2020 return has been accepted by the IRS. Why do I need to wait until the end of March to file an amended return?

lol there is no refund. The entire reason I want to amend is because I owe the IRS money. I want to reduce my tax bill. My return is currently “accepted” by the IRS yet I can’t make an amendment until the end of March for some inexplicable reason.

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