Need help amend my 2020 tax return

[Key93ada]

I need to add a W2.

[DoninGA]

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@Key93ada wrote:

I need to add a W2.

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If the return is rejected you can make the necessary changes and e-file again.
If the return is accepted you will have to amend your original tax return. An amended return, Form 1040X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 16 weeks or longer to process an amended tax return.

Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS.

See this TurboTax support FAQ on amending a tax return originally completed and filed using the 2020 TurboTax online editions - https://ttlc.intuit.com/community/amending/help/how-do-i-amend-my-turbotax-online-return/01/27577

The IRS Form 1040-X for amending a 2020 tax return is scheduled to be available on 03/25/2021 (subject to change)

[fjpuentes1974]

Hola!

My broker amended the 1099 after I submitted and paid my taxes. I create a copy of my return in the desktop version an update the 1099, The outcome is less taxes owed. $30 in Federal Tax and $7 in State tax.

Is it absolutely necessary to amend my return? (since I paid a little bit more than I should?)

If it is absolutely necessary, how can I do it from the desktop app?

Thanks in advance!

[ToddL99]

If the corrected 1099 resulted in lower taxes, there isn't any reason to amend - unless you want a refund.

The IRS requires you to report your income. You reported more income than actually received, so you met the IRS requirement .

It is even possible the IRS will catch the change in income (lower) and send you a notice proposing a lower tax. This would happen later in the year, when the IRS matches their copies of 1099's to what you reported on your return.

You can amend the return using a desktop version of TurboTax.  See: How do I amend my 2020 return?

[KayPost]

Hello - I had initially submitted my 2020 taxes Feb 25th, accepted by the IRS.  The Refund status has not changed from "being processed".  I had put that I had not received the 2nd stimulus check (looked for the $600 amount, didn't see it, but did receive the stim check, just different amount).  So did an amendment (rec'd 2nd stim in Jan2021).  When I'm in Turbo Tax (desktop version) I see a changed refund amount from the original.  So print the amended return (can't seem to e-file the amended return?).  It still has the original refund amount.

I am not sure now what to do.   At this point or even if the IRS has my information.  "Where's My Refund" on irs.gov is still showing the original refund amount and "still being processed".     When I log into irs.gov and look at Account Status it says "Your 2020 Tax Return Is Not Processed"

There doesn't appear to be anyway to fill in a form, talk to anyone at the IRS.  All numbers I have go to recorded prompts.   So freaking out a bit.

Help!

And thank you. 

[DMarkM1]

You do not need to amend your tax return to correct a stimulus payment misstatement. The IRS will make that correction and notify you of the changes.  Here is a link with more information. 

[KayPost]

Thank you.  No need to do anything else?  Everything still sits at "still processing" my return.   Is it now just a waiting game with the refund and the IRS due to the pandemic, staffing, stimulus payments, etc?

And thanks again.

[JotikaT2]

That is correct. 

The IRS will make any adjustments and send you a letter in the mail explaining any changes once they have finished reviewing and processing your tax return.

[Chasebyers21]

well i filed my taxs for 2020 tax refund and i never recieved anything i was suppose to recieve 4385 then i got letters saying i have a balance saying i owe then i got something saying i should get a refund i am very confused and i pay for yall services i need help asap

[JamesG1]

Have you registered online or ordered a transcript by mail or fax to see the status of your 2020 tax return?  See this IRS website.

In April 2021 the IRS had 29 million tax returns held for manual processing.  As of December 10, 2021, the IRS had 6.2 million unprocessed individual returns.  It sounds like you were included in these numbers.

Unprocessed individual returns include tax year 2020 returns with errors and those returns requiring special handling, including those that required correction to the Recovery Rebate Credit amount and other tax credits. 

[Critter-3]

I GOT A LETTER FROM THE IRS   

https://ttlc.intuit.com/questions/3605673-i-got-a-letter-or-notice-from-the-irs

I AM BEING AUDITED

If you purchased Audit Defense:

https://ttlc.intuit.com/questions/2924451-i-bought-max-or-audit-defense-and-now-i-m-being-audited

AUDIT SUPPORT

https://support.turbotax.intuit.com/irs-notice/audit-support/