EddM
Returning Member

Amended Return Taxes and Refund

Amended return. Filed original recieved refund. Need to file ameneded returnwhich shows a much smaller refund based on simple math. Site here says the new "refund" amount will be an additonal refund. Not possible. The answer here on the site is incorrect regarding amended math.

 

i.e original return tax paid $17,039

                             tax owed   $15,353

                                 Refund   $ 1,686

Amended return tax paid $17,039

                             tax owed $16,733

                                 Refund $    306

 

So by simple math receiving refund of $ 1638 and new revised refund $ 306 I actually owe IRS $1380, correct.

 

Can someone here or from Turbo Tax address this