If you receive a refund from original return, file an amendment and owe taxes, what happens to refund?

[frank_200755]

i received a refund, then received a 1099, i think i will owe, will i have to return the refund?

[DoninGA · Accepted solution]

No, you do not return the refund.  You just have to pay the taxes owed from the amended return. 

[VolvoGirl]

You need to file an amended return.  It's supposed to be ready at the end of this week.  Here's some info when you do amend.

You will still get the refund from the first original return or still need to pay the first tax due.  In fact you should not even amend until the first return has fully processed and you get the first refund or your tax due payment has cleared.  

Then the amended return is only for the difference you get back or owe.  I think the cover sheet shows what the original return WOULD have been if you did it right the first time.

Go by the actual 1040X.  Line 18 should be your original refund amount and line 22 should be your additional refund.  If you paid on your original return it will be on line 16.  If there is an amount owed with the amendment, it will be on line 20.

If you have a tax due, do not send the 1040V.  Just include a check with the 1040X.  Ignore the 1040V.  That is for the original return or what the original return would have been if it didn’t need correcting.  Don’t pay the amount on the 1040V.  Pay the amount on the actual 1040X.