@jnewman6047 wrote:
I received corrected 1099's that will greatly reduce the refund that I've already received from the IRS. Will I have to pay a penalty for the refund overage?
Yes, probably if the additional tax is not paid by April 15. Because amended returns are presently taking the IRS about 6 months to process, the tax should be paid directly to the IRS at any time before April 15.
https://www.irs.gov/payments
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
