@yahyahxbel20 wrote:
So I was told I was tax exempt according to cod 2014-7 so when I filed I filed without that w-2. After talking to someone they said I still had to file the w-2 so I refilled it amended the return then it stated I owed $5000. I then after speaking with an irs rep who told me I need to reamend to correctly input my w-2 because my income should have gone in box 12 not 1. After correcting it it says I was due a refund of 3434 because I overpaid. Would I still owe the $5000 if the first amendment was wrong?
What you should have done in the first place is listed the exempt W-2 but checked the box in the program for "difficulty of care" payments.
There may also be an issue with your W-2, and the IRS person was likely wrong. The payer could have reported the wages in box 12 with code II (eye-eye, not ell-ell) instead of box 1. But if the wages were reported in box 1, you have to file the tax return that way, and make an adjustment on Schedule 1 line 8s. If you put down in your tax return, something different than on your W-2, you may get a letter asking for an explanation.
So I don't even know if your second amended return is correct.
It sounds like you filed a tax return, then a first amended return showing you owed $5000, then a second amended return showing a refund of $3434. You need to look at the form 1040-X lines 12-22.
- Does the first 1040-X show you owe $5000 on line 20? If so, did you actually pay it?
- Does the second 1040-X show the $5000 on line 16? Does it show a refund on line 21-22?
Basically, it sounds like, IF you paid the $5000, you should be getting back $3434. But if you did not pay the $5000, you still owe $1566.
