710425
Because of a late arrived 1099, I must report additional income. It results in a balance due rather than a refund. I don't wish to trigger an audit by receiving a refund I am not entitled to. I would immediately send in payment of the unearned refund plus toe income related tax liability, but do not wish to run the risk of the IRS initiating an audit because of this.
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No. You should wait until you receive the refund from your original tax return. Then you will send in the new amount owed with the amended tax return. You will not need to repay the refund amount received.
No. You should wait until you receive the refund from your original tax return. Then you will send in the new amount owed with the amended tax return. You will not need to repay the refund amount received.
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