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I got a tax statement from my broker so I will owe more tax but form 1040x to amend my eturn is not ready. What if I can't get the form before 4/15?

 
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BillM223
Expert Alumni

I got a tax statement from my broker so I will owe more tax but form 1040x to amend my eturn is not ready. What if I can't get the form before 4/15?

First, April 15, 2021 represents two deadlines:

1. to file your 1040, and

2. to pay any tax due

 

So you have already filed your return? You can file the amended return (i.e., the paperwork) any time in the next three years.

 

You are probably more concerned about the owing money after April 15th. First, the 1040X is highly likely to be ready in time for you to amend the return and make any payment by April 15th.

 

Second, so long as you have an idea of how much additional tax you may owe, you can pay the IRS anytime, even without a return.

 

Please see this IRS webpage for various ways you can pay the IRS. Note that your payment will be tied to your account by your name and Social Security number, which is why you don't have to wait until you have a tax return to go with the payment.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
BillM223
Expert Alumni

I got a tax statement from my broker so I will owe more tax but form 1040x to amend my eturn is not ready. What if I can't get the form before 4/15?

First, April 15, 2021 represents two deadlines:

1. to file your 1040, and

2. to pay any tax due

 

So you have already filed your return? You can file the amended return (i.e., the paperwork) any time in the next three years.

 

You are probably more concerned about the owing money after April 15th. First, the 1040X is highly likely to be ready in time for you to amend the return and make any payment by April 15th.

 

Second, so long as you have an idea of how much additional tax you may owe, you can pay the IRS anytime, even without a return.

 

Please see this IRS webpage for various ways you can pay the IRS. Note that your payment will be tied to your account by your name and Social Security number, which is why you don't have to wait until you have a tax return to go with the payment.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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