To qualify for the 2 Stimulus payments sent in 2020, which I did not receive, I had planned to change the "Filing Status" to "Married Filing Separately" when I did the Federal return for 2020. Then, I read that the government had changed the regulations about Mixed Status marriages, one with a Social Security number and the other with an ITIN. That we would qualify for one Stimulus payment, for me, the U.S. Citizen, to cover both of the Stimulus payments that were sent to millions of people during 2020, but not to me, a U.S. Citizen. A total of $1800 USD.
I eFiled the 2020 Federal return via TurboTax on 15 February 2021 and the status changed to "Accepted" by the I.R.S., 23 minutes later.
But now it shows "Processing" for the status. I believe there may be millions of returns, like mine, waiting for a live human in the I.R.S. to look at them to see if they qualify for the Stimulus Refund?
TurboTax showed me getting an $1800 USD Refund, so that seemed to indicate that the TuboTax Online Software believes that I should qualify with the changed regulation(s) about mixed status marriages (SSN and ITIN).
Also, I know that I made at least one error. When I did the 2020 return, I forgot that my wife has a bank account in the country (overseas) that we live in. so TurboTax did not generate the form that it normally does for that and I did not answer the questions about Overseas bank accounts.
QUESTION: At the end of March 2021, when it becomes possible to file an Amended Federal return for the 2020 tax year, via Form 1040-X, should I do that, or, should I just wait for the I.R.S. to get to the original return and see what happens?
Mail sent from the USA is not delivered to our house so if the I.R.S. sends me anything I will not receive it.
QUESTION: What are the Pros and Cons?
Thank you, in advance, for sharing your time and expertise with me.
