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edkatchur
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Submitted1040x. The IRS has taken $2000 out of my account, however the new amended sows I get a $1700 refund. Will the IRS return $2000 and include the $1700 refund ?

 
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Submitted1040x. The IRS has taken $2000 out of my account, however the new amended sows I get a $1700 refund. Will the IRS return $2000 and include the $1700 refund ?

No.  You will receive the $1,700 tax refund assuming your amended return is correct.  Based on the amended return you should have only paid for taxes owed of $300 on the original tax return.

Submitted1040x. The IRS has taken $2000 out of my account, however the new amended sows I get a $1700 refund. Will the IRS return $2000 and include the $1700 refund ?

Look at the form 1040X …

Column A should have the figures from the original return, Column C the corrected figures and Column B the differences between the other 2 which needs an explanation on page 2 of the form 1040X.

 

If you completed it correctly you will see an entry on either line 16 OR 18:

On line 16 should be the amount you paid with your original return. 

On line 18 should be the amount of your original refund you received.

 

Then you will see your extra refund on line 22 OR  the new balance due you need to pay on line 20.

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