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I just submitted an amended tax form and it says I owe $3600. What if I cannot make the full payment? [Name Removed]

 
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I just submitted an amended tax form and it says I owe $3600. What if I cannot make the full payment? [Name Removed]

Well first you cannot submit an amended return ... they must be paper filed by mail.  And you are supposed to pay the balance due with the 1040X however if you cannot pay it all pay what you can and the IRS will bill you for the balance.


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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